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Lufthansa Expects FY19 Adj. EBIT Margin To Reach 5.5% - 6.5%

Lufthansa expects group adjusted EBIT margin to reach 5.5 percent to 6.5 percent and total revenues to rise by a low single-digit percentage for 2019.

Lufthansa outlined its fuel cost expectations for 2020. It forecasts a rise of 200 million euros.

Lufthansa said it is confident to achieve more than 1 billion euros of free cash flow in the medium-term.

Network Airlines targets to reduce unit costs by 1-2% per annum. Eurowings aims at a total reduction of 15% until 2022.

Lufthansa noted that it will provide guidance for 2020 on March 19th, together with the publication of full year 2019 results.

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