Lufthansa Halts Eurowings Capacity Growth as Fare War Bites
- Cargo division suffers revenue decline on global trade strife
- Airline keeps guidance, sees 2019 fuel costs up $671 million
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Deutsche Lufthansa AG halted capacity expansion at its Eurowings low-cost arm after the group’s first-quarter margins were squeezed by rising fuel bills and overcapacity that’s sparked a Europe-wide fare war.