Learn more

German aviation giant Lufthansa Group has slashed its financial forecast for the year following a disappointing performance in the second quarter. The firm which encompasses Germanys flagship Lufthansa Airlines and a number of subsidiaries said on Friday that its bottom line fell on the back of lower ticket revenues, especially for travel to Asia. In the second quarter, Lufthansa Airlines made a profit of only 213 million ($232 million), down from 515 million in the same period last year, the company announced in Frankfurt. The group now has a loss of 427 million on its books for the f