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German aviation giant Lufthansa Group reported a significantly lower profit in the second quarter compared to the previous year. The company attributed this decline to strike costs of around €100 million ($108 million) and decreasing average ticket prices. Lufthansa said prices are facing pressure, particularly in the Asian market, due to the increased capacities of Chinese airlines. As a result of decreased revenues, Lufthansa had already adjusted its winter flight schedule starting from the end of October. Lufthansa Group reported a net profit of €469 million for the second quarter of 2023, …

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