Deutsche Lufthansa: In-line 2023 and unchanged 2024 outlook; labour negotiations remain a concern

Deutsche Lufthansa has published its consensus-meeting FY23 results and maintained its FY24 guidance, which is aligned with analysts' expectations, despite recent negative newsflow including numerous strikes in Q1. The company's target of a stable unit cost for 2024 is worth highlighting as its major rivals both foresee a slight increase in costs.

Deutsche Lufthansa has been facing labor negotiations with its unions, which have been a concern for the company. The strikes in Q1 were a result of these negotiations, and the company has been working to resolve them. However, the recent newsflow has not affected the company's outlook for FY24.

The company's stable unit cost target for 2024 is significant as it indicates that the company is focused on maintaining its financial stability and profitability. This target is in line with the expectations of its major rivals, which suggests that the company is well-positioned to compete in the industry.

Overall, Deutsche Lufthansa's FY23 results and FY24 guidance are positive, despite recent negative newsflow. The company's focus on maintaining a stable unit cost target for 2024 is worth noting as it indicates that the company is well-positioned to compete in the industry.