Lufthansa cuts profit forecast

Germany's biggest airline blamed "terrorist attacks in Europe" and "greater political and economic uncertainty".

It cut its full-year profit forecast for 2016 from "slightly above previous year" to "below previous year".

British Airways owner IAG and Easyjet have also issued profits warnings in recent weeks.

And earlier this month the International Air Transport Association (IATA) saiddemand for air travel had been hit.

"After a very strong start to the year, demand growth is slipping back toward more historic levels,"said IATA's chief executive, Tony Tyler.

"A combination of factors are likely behind this more moderated pace of demand growth. These include continuing terrorist activity and the fragile state of the global economy.

"Neither bode well for travel demand. And the shocks of Istanbul and the economic fallout of the Brexit vote make it difficult to see an early, BBC reports.

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