Terror attacks ‘impact Lufthansa profits’
German airline Lufthansa says the recent spate of terror attacks in Europe has resulted in the company losing profit.
The group said on Tuesday that its net profit fell slightly below analysts’ expectations of 443 million euros (496 US dollars) for the second quarter of the year. Net profits between April and June stood at 437 million euros instead, the group said.
“The terrorist attacks in Europe and also the increasing political and economic uncertainties are having a tangible impact on passenger volumes,” said Lufthansa’s chief executive Carsten Spohr.
“The forward bookings, in particular for our long-haul services to Europe, have declined significantly,” he added.
The airline is expected to reduce unit costs, excluding fuel and currency, by between two and three percent in the second half of the year.
“We expect the high pricing pressure to continue... This is why we will push on our efficiency increases even more consistently,” said Spohr.
The carrier had said that the tense atmosphere in Europe was hitting its business previously, too.
Several major European airlines have been affected by the recent terror attacks in Europe, the recent failed coup in Turkey and Britain’s decision to exit the European Union (EU).
A state of emergency has been in place in France since last November, when terrorists struck at least six different venues in and around the capital, Paris, leaving 130 people dead and over 350 others injured.
On July 14, another terror attack hit the county after a truck driver plowed through a Bastille Day crowd in the city of Nice and killed 84 people and wounded 200 others.
Germany has also been the scene of a wave of attacks recently. The latest occurred last week when a 27-year-old man detonated explosives in the city of Ansbach in Bavaria, injuring 15 people.
The Daesh terrorist group claimed responsibility for most of the attacks in Europe.
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