Lufthansa Group has downgraded its profit forecast for 2013 a few days ahead of its interim results.
The group, which includes Swiss, Austrian and Brussels Airlines, estimates an operating result of €600-700m for the full year, including one-off restructuring costs that amount to €300m. This compares with €907m in the first nine months of last year.
The group had earlier said it would see an improvement on last year and Associated Press reports that analysts’ estimates were around the €920m mark.
The group is facing cost pressure and is transferring a major part of its short-haul network to its subsidiary Germanwings. The mainline carrier is introducing a seat reservation charge from November 26.
Lufthansa publishes its interim results for the nine months to September 30 on October 31.