Lufthansa Has Suffered Considerable Financial Damage in the First Quarter of the Year Due to Recent Tariff Disputes, According to the Company. The Corporation Reports a Net Loss of 849 Million Euros – a Significant Deterioration Compared to the Previous Year's Quarter, Where the Deficit Stood at 237 Million Euros. According to the Company, the Tariff Disputes and Associated Strikes Have Cost the Company Around 350 Million Euros.

Despite a settlement of the wage disputes, Lufthansa warns of further financial burdens in the second quarter, with expected losses of about 100 million euros, which would push the operating result below the level of the previous year. The group also expects a delayed capacity build-up due to the strikes, which is supposed to improve the punctuality of flights. In addition, the delivery of new aircraft is delayed.

The Stock Market Reacted Negatively to This News: Lufthansa’s Shares Fell by More Than Four Percent After the Announcement, Marking One of the Biggest Losses in the MDax. Since the Beginning of the Year, the Stock Has Already Lost About 18 Percent of its Value.

For the full year, Lufthansa has revised its profit forecast downwards from an original almost 2.7 billion euros to now 2.2 billion euros. This correction reflects the ongoing challenges and potential effects of further global uncertainties, including the impact of the escalating conflict in the Middle East, which has already led to multiple flight cancellations.

The Flight Bookings, Especially for the Summer Months, Are Within Expectations, but the Financial Outlook for Lufthansa Remains Challenging. The Executive Board Will Present the Complete Quarterly Figures on May 14 and Will Also Provide More Detailed Insights into the Strategy to Overcome the Current Crises.