Lufthansa misses Q3 profit estimates
Frankfurt
GERMANY'S biggest carrier Lufthansa will increase flights at a more modest pace than its peers this season, after higher fuel costs and customer compensation for a slew of cancelled flights caused it to miss third quarter profit estimates.
Shares in the company, which have fallen by roughly two fifths since the start of the year, opened 3.8 per cent lower, underperforming the German blue-chip DAX index which rose 0.5 per cent.
