Hasn T: Lufthansa and Tour Groups

hasn t: Tour groups staying home "We're missing out on advanced bookings for intercontinental flights, like by tour groups from Asia," a spokesperson from Lufthansa said, according to Deutsche Welle. While Lufthansa CEO Carsten Spohr expressed hope at the beginning of the month that tourists would maybe make long-haul bookings within a more short-term timeframe and pay higher prices, that hasn't happened. "A complete recovery is a development that the board no longer considers probable," Lufthansa said in a statement. The company cited increasing political and economic uncertainty since the end of the first quarter as reasons bookings were down. The German airline has also scaled back a target to increase capacity by 6 percent to 5.4 percent. Lufthansa shares nosedived 7.5 percent on Thursday on the news of the downgraded forecast. Still, it has managed to increase its half-year operating profits by 13 percent to 529 million euros. (news.financializer.com). As reported in the news.