Lufthansa AG informed that bad weather and air traffic control strikes in Europe hurt company’s earnings in the second quarter, however, cost cuts and fares increase will help reach yearly targets, Bloomberg reports.

Profit before interest and taxes fell by 3,4% to 982 million euro. Among reasons Lufthansa also mentions fuel price rise and expenses related to integration of business from former rival Air Berlin.

Shares of Lufthansa showed one of the best results in sector last year and grew almost twice. However, in 2018 they lost almost 30%, as air carrier experienced problems with meeting schedules of budget unit Eurowings that took 200 planes from bankrupt Air Berlin.

Recently Lufthansa benefits from continuous consolidation of airlines in Europe that allows rising prices without losing market share.