Lufthansa warns of rising Mideast war risks

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Germany’s Lufthansa warned of rising risks to the firm’s financial performance because of the Middle East war even as it maintained its outlook for the year, AFP reports.

“The risk-opportunity profile has shifted toward risks,” the firm said in a statement.

“While no restrictions in kerosene supply are currently expected at any of the Lufthansa Group hubs, potentially reduced fuel availability later in the year represents an additional risk factor,” it added.

Lufthansa planes stand parked as Frankfurt airport is closed to passengers with planned departures due to a strike organised by Verdi union, in Frankfurt, Germany, on March 7, 2024. — Reuters/File
Lufthansa planes stand parked as Frankfurt airport is closed to passengers with planned departures due to a strike organised by Verdi union, in Frankfurt, Germany, on March 7, 2024. — Reuters/File

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