Analysis-Lufthansa’s costly labour disputes threaten 2024 profit goals

Lufthansa will likely miss its 2024 profit margin goal as the German airline seeks to agree new, higher pay deals to end prolonged strikes, which have forced it to cancel thousands of flights, analysts and investors say. The carrier's shares have been among the best performers compared with rival European flag carriers, Air France-KLM and IAG, as the region's travel industry has recovered from the devastating COVID-19 pandemic which shut borders and grounded planes around the world in 2020. Lufthansa's ongoing labour disputes and service disruptions have put those profit-margin goals in jeopardy.