LUFTHANSA : UBS remains Buy after profit warning
' The group announced a second profit warning in two months, but the market is largely satisfied given the share price reaction' says UBS.
Lufthansa lowered its operating profit forecast for fiscal 2024 on Friday, citing in particular a recent drop in passenger traffic in Asia.
The German airline says it now expects adjusted earnings before interest and taxes (Ebit) of between 1.4 and 1.8 billion euros this year, compared with a previous target of around 2.2 billion.
Its free cash flow is now expected to be well below the one billion euro mark in 2024, compared with a previous forecast of 'at least' one billion.
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