Airlines Feel the Turbulence of Terror Uncertainty
Deutsche Lufthansa AG cut its 2016 profit forecast after terrorist attacks and economic uncertainty sapped demand for travel to Europe. Adjusted earnings will fall rather than rise slightly, even after profit increased in the first six months, Lufthansa said in a statement late Wednesday. EasyJet Plc reported lower quarterly revenue and said volatility would affect the key summer travel season as the British low-cost carrier faces headwinds including a string of terrorist attacks across its main markets and Britain’s decision to exit the European Union. Pictet Asset Management Chief Strategist Luca Paolini discuss with "On the Move" host Guy Johnson.
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Ryanair to Reduce Luggage Fee, Increase Bag Size
53:03 - Ryanair Chief Marketing Officer Kenny Jacobs discusses the airline's policy changes for luggage. He speaks on "Bloomberg Daybreak: Europe." (Source: Bloomberg)