German airline, Lufthansa, recently announced a profit warning which in turn led to shares falling more than 13% in European trading yesterday.
Weaker revenues across the board have led to Lufthansa cutting its operating profit to €1 billion for 2014 and to €2 billion for 2015.
The devaluation of the Venezuelan bolivar plus costs shooting up as a result of pilot strikes certainly have not helped Lufthansa and their recent struggles.
