Lufthansa shares slide on decline in Q3 profit
** Shares in Lufthansa LHAG.DE slip 3.2% after the German airline reported a 9% decline in third-quarter profit due to struggles with low yields for its core brand
** Raiffeisen Research says delivery delays for new airplanes and the associated costs, higher costs for locations and staff and pay-outs after flight irregularities burdened Lufthansa Airlines results
** J.P. Morgan sees that while the weak pricing that has weighed on revenue through Q2 and Q3 may be stabilising somewhat, structural issues continue to impact Lufthansa's competitive position and costs
** The company presented a target for EUR 1.5 billion improvement in EBIT by 2026, with 65% from cost reduction and 35% from revenue increases, "the old EBIT margin target of 8%, however, is conspicuous by its absence," says Bernstein
** Up to the previous session's close, shares were down 14.7% YTD
Reporting by Bernadette Hogg
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