Lufthansa has reported its Q4 23 earnings with revenue at EUR8.76 billion, slightly below the estimated EUR9.29 billion, and an adjusted EBIT of EUR402 million, just under the EUR405.5 million expectation. Despite this, the airline anticipates a significant increase in revenue in 2024. However, Lufthansa has revised its 2024 operating margin target to 7.6% due to rising costs and ongoing labor disputes, down from its previous goal of 8%. The airline reported an operating profit of 2.7 billion euros for 2023, aligning with expectations.
Lufthansa issues cautious 2024 outlook amid labor disputes, despite travel surge https://t.co/z2o5hQxDjq https://t.co/1WZP4MbdDX
Lufthansa reported an operating profit of $2.94 billion for 2023 as expected, adjusting its outlook for its 2024 operating margin down to 7.6% from a goal of 8% as it struggles with labor disputes https://t.co/eLYICFEPne
Lufthansa reported an operating profit of $2.94 billion for 2023 as expected, adjusting its outlook for its 2024 operating margin down to 7.6% from a goal of 8% as it struggles with labor disputes. More here: https://t.co/UO2XGoxiCT
⚠️ LUFTHANSA DROPS 2024 OPERATING MARGIN TARGET TO 7.6% AS COSTS RISE Full Story → https://t.co/SS3GJefxAm Lufthansa reported on Thursday an operating profit of 2.7 billion euros for 2023 as expected, adjusting its outlook for its 2024 operating margin down to 7.6% from a… https://t.co/izN7Vrl8El
Lufthansa Q4 23 Earnings: - Revenue: EUR8.76B (est EUR9.29B) - Adj EBIT: EUR402M (est EUR405.5M) - Sees Significant Increase In Revenue In 2024