Lufthansa’s Wounded Stock Faces a Truce That Isn’t Buying Much Peace

The arithmetic of Lufthansa’s summer is brutal. Adjusted operating profit collapsed 56 percent to €383 million in the second quarter, down from €870 million a year earlier, while net income tumbled 88 percent to €123 million. Revenue actually grew 7.9 percent to €11.141 billion, but that did little to cushion the earnings blow. The carrier […] The post Lufthansa’s Wounded Stock Faces a Truce That…