...+ German airline Lufthansa maintained its rating-commensurate credit measures in 2016, despite higher pension obligations. + We believe that Lufthansa's solid 2016 EBITDA will stabilize in 2017-2018 as non-fuel cost savings will counterbalance pressure on ticket prices and fuel costs. + We forecast that Lufthansa will preserve its S&P Global Ratings'-adjusted funds from operations to debt in the mid-20% area in 2017 and 2018. + We are revising our outlook on Lufthansa to stable from negative, and affirming the '###-/A-3' ratings. + The stable outlook reflects our view that Lufthansa will realize a sustained benefit from ongoing strategic and efficiency initiatives while permanently reducing its unit cost and preserving rating-commensurate credit ratios in 2017-2018. FRANKFURT (S&P Global Ratings) April 26, 2017--S&P Global Ratings said today that it had revised its outlook on German airline Deutsche Lufthansa AG to stable from negative. At the same time, we affirmed our '###-' long-term...
