MUNICH, March 16 Lufthansa expects its profit to
fall slightly this year due to pressure on ticket revenues and
an increasing fuel bill, it said on Thursday after reporting
annual results in line with expectations.
The carrier said it expected 2017 adjusted earnings before
interest and tax to be slightly lower than the 1.75 billion
euros ($1.88 billion) reported for 2016.
Lufthansa expects its fuel bill to increase by about 350
million euros this year to 5.2 billion euros, and said efforts
to reduce costs would not be enough to offset the rising fuel
bill and pressure on ticket prices.
($1 = 0.9317 euros)
(Reporting by Victoria Bryan; Editing by Maria Sheahan)