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Air France-KLM, Lufthansa Turn Upbeat After Disappointing 2024
Strikes hit Lufthansa profits, Olympics dent Air France
Air France-KLM targets ‘unbelievable’ spending of American travellers
US and European airlines have reported that high-spending holidaymakers are replacing corporate travellers in their most expensive seats. But Smith said Air France’s links with Paris, a city synonymous with luxury brands, mean it is in a strong position to capture this demand for premium leisure.
Lufthansa bounced back with a recovery in the second half of 2024 thanks to strong demand and lower fuel costs that lifted its shares on Thursday following a difficult year impacted by costly strikes and industry-wide delivery delays.
German flag carrier Lufthansa (DE:LHA) is hopeful the Trump administration will spur Boeing (BA) to overcome problems that have led to a major
Europe’s flag carrier scene is becoming less of a one-horse race. Deutsche Lufthansa and Air France-KLM shares leapt on Thursday after strong finishes to the year, closing the gap with bigger $20 billion rival IAG .
For Lufthansa, the namesake airline slipped into the red in 2024 with an operating loss of 94 million euros ($101 million), and is now embarking on a recovery plan. Promising a "year of transition" in 2025, the group said Lufthansa Airlines was expected to make a gross profit contribution of around 2.5 billion euros by 2028.
The trend towards more bite size deals and tie-ups marks a shift for the region's carriers, which are trying to unify a fragmented market to compete with rivals in a more consolidated U.S. market and state-funded behemoths in the Middle East.
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