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Lufthansa's Transatlantic Passenger Growth Slows Amidst US Trade Tensions
Lufthansa Group saw a 7.1% increase in transatlantic passengers in Q1 2024 despite a US trade dispute, but anticipates weaker Q3 US flight bookings, prompting a capacity reduction to 3% growth in Q4; the company also benefits from a weaker dollar and lower fuel costs.
Lufthansa's Transatlantic Passenger Growth Slows Amidst US Trade Tensions
Lufthansa Group saw a 7.1% increase in transatlantic passengers in Q1 2024 despite a US trade dispute, but anticipates weaker Q3 US flight bookings, prompting a capacity reduction to 3% growth in Q4; the company also benefits from a weaker dollar and lower fuel costs.
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