Lufthansa warns ter­ror cre­at­ing tur­bu­lence

The Myanmar Times - - International Business -

Ger­man flag car­rier Lufthansa has warned that re­cent ter­ror at­tacks in Europe were hav­ing a “tan­gi­ble im­pact” on busi­ness, with sec­ond-quar­ter prof­its down 17 per­cent. Net prof­its be­tween April and June came in at 437 mil­lion euros (US$488 mil­lion), the group said, slightly be­low an­a­lysts’ ex­pec­ta­tions, who had forecast a fig­ure of 443 mil­lion euros. “The ter­ror­ist at­tacks in Europe and also the in­creas­ing po­lit­i­cal and eco­nomic un­cer­tain­ties are hav­ing a tan­gi­ble im­pact on pas­sen­ger vol­umes,” said chief ex­ec­u­tive Carsten Spohr.

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