The airline group said the 39% drop in adjusted earnings for 2024, despite higher revenue, reflected the impact of strikes and a significant increase in costs in Germany.

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.

Lufthansa's operating profit fell by more than a third in 2024, the airline said on Thursday, capping a difficult year in which spiralling costs, restricted access to Russian airspace, and aircraft delivery delays hit profitability.