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Lufthansa Fares Under Pressure
World Economy

Lufthansa Fares Under Pressure

Deutsche Lufthansa AG said passenger fares are set to erode further this year as it grapples with unions over a restructuring of European operations aimed at stemming the flow of customers to discount rivals, Bloomberg reported. The stock fell as much as 7.1%. Lufthansa’s yield, a measure that reflects average ticket prices, suffered the biggest drop in at least four years in the first quarter, while airline revenue declined almost 4%, it said. Europe’s third-largest airline, which is seeking to build its Eurowings discount arm into a rival for low-cost leaders Ryanair Holdings Plc and EasyJet Plc, said the intensity of competition and price pressure shows no sign of easing.

 

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