BERLIN, April 29 (Reuters) - German airline Lufthansa
on Tuesday confirmed its operating result forecast for
2025, but warned that it was closely monitoring the possible
impact of trade tensions with the United States.
European airlines are entering the first-quarter earnings
season with increased investor anxiety over demand as global
economic worries stemming from U.S. President Donald Trump's
tariff threats drag on U.S. air travel.
"Despite all the geopolitical uncertainties, we therefore
remain on course for growth, are optimistic about the summer,
and are sticking to our positive outlook for 2025," CEO Carsten
Spohr said in a statement.
Earlier this month, U.S. carrier Delta pulled its
2025 financial forecast, pointing to Trump's tariff threats as a
drag on demand. Virgin Atlantic also said it had seen a slowdown
in travel to Britain from the U.S.
Air France-KLM, which reports first-quarter
results on Wednesday, earlier this month said that it would
consider cutting economy fares in an effort to support
potentially lagging transatlantic travel.
The transatlantic route is key for global airlines,
maintaining some of the highest revenue and demand and helping
airlines like IAG-owned British Airways maintain solid results.
Lufthansa said demand in the U.S. sales region was
continuing to rise. In March, the airlines group carried around
25% more passengers from the U.S. to Europe.
Still, the company said it has set up "a task force to
closely monitor current developments and, if necessary, respond
quickly and flexibly to any weakening in demand, for example by
adjusting capacity."
Lufthansa is counting on the lucrative route as it faces
pressure to revive its core airline, bogged down by wage talks
and high pay, and find new sources of revenue as it struggles to
compete with Chinese carriers in Asia.
"Macroeconomic uncertainties, particularly the trade
tensions between the U.S., the EU and other regions, are making
it difficult to forecast the coming quarters accurately," the
German flag carrier said in a statement.
For the first three months of 2025, Lufthansa reported an
adjusted loss before interest and taxes (EBIT) of 722 million
euros ($822.14 million), roughly in line with a company-compiled
forecast.
($1 = 0.8782 euros)
(Reporting by Joanna Plucinska and Rachel More, Editing by
Friederike Heine and Varun H K)