Lufthansa shying from acquisitions in unstable market

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Lufthansa Group is holding back on further acquisitive expansion owing to instability in the market.

The company's senior management told an investor briefing yesterday that "given the volatile environment" the group was "not focusing on any kind of acquisition at this point in time".

While Lufthansa has admitted that SAS Group would fit with its operation, there are no plans to pursue a tie-up.

"We're obviously always talking to our Star Alliance partners but we're not talking about consolidation," says Lufthansa.