Shares hit as Lufthansa's 2013 profit outlook disappoints

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Lufthansa’s 20% price hike attempt may have come too late for the carrier, which announced yesterday that its 2013 profits would fall short of expectations. Lufthansa’s cargo arm was, last year, bullish about its prospects, especially for the fourth quarter of this year. But that bullishness has been dimmed by currency fluctuations, rising costs and restructuring.