Lufthansa continues to struggle with falling ticket prices and shrinking profits in the face of tougher competition.

Prices are under pressure from a growing supply in the industry worldwide, Lufthansa explained on Wednesday. In the current seasonally strongest quarter, a slight decline in unit revenues, an indicator of prices, is also to be expected. This is causing problems for the core Lufthansa brand in particular. Following the weak first half of the year, the company therefore also expects a decline in operating profit in the third quarter.

As Lufthansa already announced in mid-July, adjusted operating profit in the second quarter fell by more than a third to 686 million euros due to a weak result from its main brand. On balance, the airline group earned 469 million euros from April to June after 881 million euros in the same period last year.

(Report by Ilona Wissenbach, edited by Sabine Wollrab. If you have any queries, please contact the editorial team at frankfurt.newsroom@thomsonreuters.com)