Bank CEOs meet with Trump to discuss Fannie Mae and Freddie Mac - Bloomberg
Investing.com -- Lufthansa and Air France-KLM’s surged to multi-year highs on Thursday, propelled by strong demand and optimistic projections for 2025.
Both airlines surpassed analyst expectations for the fourth quarter, aided by robust passenger numbers and lower fuel expenses, after grappling with escalating labor and maintenance costs earlier in the year.
The airlines’ performance indicates a promising recovery trajectory, following a challenging period marked by a significant decline in operating profit in the first half of 2024, according to Lufthansa Group Chief Executive Carsten Spohr.
Last year, European airlines faced headwinds as inflation and the upkeep of aging fleets led to higher costs, despite persistent strong demand. This resulted in a decrease in share prices for most major carriers in the region.
The exception was International Airlines Group (LON:ICAG) (IAG), the parent company of British Airways, which saw its shares rally throughout the year, buoyed by strong transatlantic connections.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.