Lufthansa foresees fierce competition in 2018

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.