Lufthansa looks to strong summer to shake off strike costs

BERLIN/LONDON -Lufthansa hopes to claw back its strike-related losses in the second half of the year, the German flag carrier said on Tuesday, pointing to a strong summer season with bookings up 16% compared with the previous year.

The airline confirmed its forecast of full-year adjusted earnings before interest and taxes of 2.2 billion euros , which it had revised down two weeks ago following a wave of costly industrial action sending shares down.But hopes that summer demand would make up for the losses from recent months are strengthening as Europe prepares for one of its busiest travel seasons since the coronavirus pandemic.

"We are now leaving the first quarter behind us, which was mainly impacted by strikes, and are at a turning point," CEO Carsten Spohr said. However, with lower capacity in the first half of the year, the group now expects a slower return to pre-crisis levels, tweaking its forecast capacity level for 2024 to 92% compared with a previous 94%.

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