Lufthansa Warning, Oil Prices Hit Airline Group

By | June 12, 2014

Scalper1 News

The red-hot Transportation-Airline group experienced some turbulence Thursday due to a spike in oil prices, spurred by rising violence in Iraq. Continued fallout from German air carrier Lufthansa’s profit warning also hurt. Citing weak demand for its passenger and cargo services, the impact of a strike in April, as well as competition from Middle East airlines and low-cost rivals, Lufthansa now expects to report an operating profit of 1 billion Scalper1 News

Scalper1 News