<p><div class="KonaFilter image-container display-table float_right"><div><div class="image"><img src="https://static-ssl.businessinsider.com/image/532c6b08eab8ea69475b5572-1200-858/rtx18ls7.jpg" border="0" alt="lufthansa plane" /><p class="source"><span>REUTERS/Ralph Orlowski</span></p></div><p></p></div></div>Lufthansa shares were down more than 13% in European trading Wednesday after the German airline unexpectedly announced a profit warning.</p>
<p>The firm <a href="http://investor-relations.lufthansagroup.com/en/meldungen/ad-hoc-releases/investor-relations-ad-hoc-releases/datum/2014/06/11/deutsche-lufthansa-ag-reduziert-operative-ergebnisprognose-2014.html">cut</a> its operating profit to<span> </span><span>€1 billion for 2014 and to <span>€2 billion for 2015, citing weaker revenues across the board, rising costs tied to pilot strikes, and the devaluation of the Venezuelan bolivar.</span><br /></span></p>
<p><span><span>European stocks were lower across the board, with Germany's DAX down most at 0.8%.</span></span></p>

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Lufthansa Shares Plummet

REUTERS/Ralph OrlowskiLufthansa shares were down more than 13% in European trading Wednesday after the German airline unexpectedly announced a profit warning. The firm cut its operating profit to €1 billion for 2014 and to €2 billion for 2015, citing weaker revenues across the board, rising costs tied to pilot strikes, and the devaluation of the Venezuelan bolivar. European stocks were lower across the board, with Germany's DAX down most at 0.8%.

REUTERSRalph OrlowskiLufthansa shares were down more than 13 in European trading Wednesday after the German airline unexpectedly announced a profit warning. 
The firm cut its operating profit to 1 billion for 2014 and to 2 billion for 2015, citing weaker revenues across the board, rising costs tied to pilot strikes, and the devaluation of the Venezuelan bolivar.

Lufthansa Shares Plummet

Rob Wile

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