Lufthansa Fares Under Pressure as It Struggles With Revamp

Updated on
  • Shares tumble as yields suffer biggest drop in four years
  • Revenue also down, Ebit loss narrows on fuel savings

Deutsche Lufthansa AG said passenger fares are set to erode further this year as it grapples with unions over a restructuring of European operations aimed at stemming the flow of customers to discount rivals. The stock fell as much as 7.1 percent.

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