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Lufthansa foresees fierce competition in 2018

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Published Thu, Mar 15, 2018 · 09:50 PM

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Berlin

DEUTSCHE Lufthansa cashed in on the collapse of national rival Air Berlin last year, but warned that 2018 will be a whole lot tougher as foreign competitors target the German market.

Operating profit that jumped 70 per cent in 2017 is set to slide, snapping a three-year run of record annual earnings, Lufthansa said in a statement on Thursday. The company will also trim its capacity plans as a splurge on seating among European carriers risks flooding the market.

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