Deutsche Lufthansa AG reduces operating profit forecast 2014
Publication of an ad hoc release in accordance with § 15 German Securities Trading Act (WpHG)
The Executive Board of Deutsche Lufthansa AG reduces its operating profit forecast for 2014. It now expects an operating result of approximately 1 billion Euros, normalized approximately 1.3 billion Euros.
Reason for lowering the forecast is a weaker than expected revenue development in the passenger and freight businesses as well as negative result impacts from strikes and the devaluation of the Venezuelan Bolivar.
Against this background the Executive Board does no longer expect to achieve the 2015 operating result target. In stable conditions and upon implementation of additional measures it now aims for an operating result of approximately 2 billion Euros.