Jun 17, 2019 / 08:30AM GMT
Dennis Weber - Lufthansa Group - Head of IR
Thank you, and good morning, everybody. You will have seen our release published yesterday night in which we adjusted our 2019 financial outlook. It is important to us to answer your questions as quickly and as transparently as possible. That is why we have set up a conference call with our CFO, Ulrik Svensson, this morning. In the next half an hour Ulrik will briefly discuss the key points of the announcement before answering your questions. Ulrik, over you.
Ulrik Svensson - Lufthansa Group - CFO & Member of the Executive Board
Thanks, Dennis, and good morning to all of you. Yesterday we decided to revise our 2019 expectations. While performance in many parts of our business continues to be solid or even strong, the recent price deterioration in some of our key markets has affected our performance in the European short-haul, in particular at Eurowings.
Yields in European short-haul are affected by sustained overcapacities caused by carriers willing to accept significant losses to expand their market share
Deutsche Lufthansa AG FY 2019 Adjusted Financial Outlook Call Transcript
Jun 17, 2019
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