MRO giant Lufthansa Technik (LHT), saw sales rise 10% to reach a record €5.9 billion ($6.6 billion) in 2018, although like many maintenance businesses the German company faces ongoing margin pressures. While pre-tax (EBIT) profit of €424 million was slightly above 2017’s result, LHT’s pre-tax margin has declined in each of the past four years, from 8.9% in 2015 to 7.2% last year. Operating expenses in 2018 rose 8%, partly due to an 11% increase in the cost of ...

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