Lufthansa is facing a prolonged restructuring effort in the coming years after acknowledging that it will not reach its profit target this year or in 2015. The airline plans deep cuts in winter capacity and structural measures to counteract the negative trend. Details will be revealed by early July. The airline issued a profit warning June 11 that shocked investors. The airline now expects to reach an operating profit of €1 billion ($1.3 billion) this year and €2 billion next year, ...


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