Lufthansa profit to fall this year as ticket prices drop

Aircrafts of German airline Lufthansa are parked at the airport in Frankfurt am Main, on Nov 6, 2015 PHOTO: AFP.

FRANKFURT: Deutsche Lufthansa AG predicted that earnings will fall for a second consecutive year as a capacity glut weighs on ticket prices while fuel costs rise.

Adjusted operating profit will decline “slightly” in 2017 after the figure dropped 3.6% to 1.75 billion euros (US$1.9bil) last year, including strike costs, Europe’s third-biggest airline said in a statement.