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StockBeat: It's Lufthansa's Turn to Send Europe's Airlines Tumbling

3 monthes ago   |   By FXCM

By Geoffrey Smith
Investing.com - Europe's airline stocks are taking another battering in early trading on Monday after German flag carrier Lufthansa issued the latest - and arguably the direst - in a string of profit warnings from the sector in recent weeks.
At 04:30 AM ET , Lufthansa stock was down over 12%, after the company said its Eurowings subsidiary will lose money this year as a result of lingering overcapacity and fierce competition in the low-cost sector. It also said its cargo operations would be less profitable than previously thought. Even unit revenues at the core Luthansa...
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