The German airline group has been struggling with its ageing fleet as hundreds of newer models face delivery delays.

Lufthansa Group has published its financial results for 2024, describing the period as a “year of two halves’ restrained by aircraft delivery delays.

German airline giant Lufthansa said Thursday its 2024 profits dived during a turbulent year marked by strikes, rising costs and delayed aircraft deliveries, as a post-pandemic rebound petered out. It also pointed to problems caused by "significantly higher costs,

German airline giant Lufthansa said Thursday its 2024 profits dived during a turbulent year marked by strikes, rising costs and delays in aircraft deliveries, but vowed a turnaround plan will boost earnings this year.

Lufthansa expects significant earnings growth in 2025 with high demand, capacity increase, and a successful turnaround strategy, despite past profit declines due to higher costs and delays.

Lufthansa Group believes the business can capitalise on momentum created in the second half of 2024 to achieve stronger financial returns in 2025, which it describes as a "year of transition".

Investing.com -- Lufthansa Group (ETR: LHAG) on Thursday has reported a decline in its full-year operating profit for 2024, citing a combination of strikes, rising costs, and delays in aircraft deliveries as key factors that impacted its financial performance.

Evidence from the US suggests the dominance of IAG, Lufthansa and Air France-KLM might be bad news for passengers

In addition to Orlando, Disocver Airlines will re-establish links from Munich to Calgary, Punta Cana, and Windhoek.