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Lufthansa s costly labour disputes threaten 2024 profit goals

Lufthansa will likely miss its 2024 profit margin goal as the German airline seeks to agree new, higher pay deals to end prolonged strikes, which have forced it to cancel thousands of.

Analysis-Lufthansa s costly labour disputes threaten 2024 profit goals

Lufthansa will likely miss its 2024 profit margin goal as the German airline seeks to agree new, higher pay deals to end prolonged strikes, which have forced it to cancel thousands of flights, analysts and investors say. The carrier's shares have been among the best performers compared with rival European flag carriers, Air France-KLM and IAG, as the region's travel industry has recovered from the devastating COVID-19 pandemic which shut borders and grounded planes around the world in 2020. Lufthansa's ongoing labour disputes and service disruptions have put those profit-margin goals in jeopardy.

ANALYSIS-Lufthansa s costly labour disputes threaten 2024 profit goals

ANALYSIS-Lufthansa s costly labour disputes threaten 2024 profit goals
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Lufthansa s labour disputes threaten 2024 profit goals

Lufthansa s labour disputes threaten 2024 profit goals
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US poised to follow Canada, Europe on Russian aircraft ban

WASHINGTON/KYIV: The United States closed its airspace to Russian planes as the Russian military attempted to encircle and subdue Ukrainian cities with intensifying bombardments on Wednesday, almost a week into an invasion that has sparked massive international sanctions. Already shunned by the West over its invasion of Ukraine, Russia has shown no sign of stopping an assault

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