Carsten Spohr is having a hard time predicting the future. The Lufthansa chief executive on Tuesday was forced to admit that he really doesn’t know how profitable Germany’s flagship airline will be this year.
“The terror attacks in Europe, but also the increasing political and economic uncertainty, have left their mark on passenger travel,” Mr. Spohr told reporters.
It was an uncertain statement for uncertain times. In releasing the first-half results for Europe’s largest airline, Mr. Spohr warned that the entire airline industry faced a “difficult second half year,” characterized by an unusual amount of uncertainty.