Bloomberg Deutsche Lufthansa AG struggled to reduce operating costs, setting up the German airline for a difficult second half with pressure on fares set to intensify. The shares fell as much as 4.3 percent, the biggest intraday drop in three months, despite Lufthansa raising its 2017 operating profit forecast to gradually catch up with analyst estimates. While first-half earnings almost …

Bloomberg Cathay Pacific Airways Ltd.’s operating environment remained challenging in the first half of the year, Chief Executive Officer Rupert Hogg said, dashing expectations of an early recovery for the carrier that’s cutting jobs following the first annual loss in eight years. “We said that we expected the operating environment in 2017 to remain challenging,” Hogg said in a statement …

Bloomberg Puma SE increased its full-year forecasts for the second time in three months as the German sporting-goods maker brought forward figures showing a jump in quarterly sales and profit. Currency-adjusted revenue for 2017 will rise by 12 percent to 14 percent, the company said in an unscheduled statement, up from a prior forecast of low double-digit growth. Puma boosted …