BUZZ-European airlines: Under pressure after Lufthansa's gloomy view

** Lufthansa shares slump 6% after it posts weak Q2 figures and expects challenges to persist in Europe

** "Our earnings are feeling the effects of tough competition in Europe and sizeable overcapacities, especially on our short-haul routes out of Germany and Austria," CFO says

** He expects very intense price competition with carriers like Ryanair for the rest of 2019 and in 2020

** While analysts view Lufthansa's results largely in-line with expectations, they note that the commentary highlights risk

** "However, with the overall economic prospects growing gloomier in the group's home markets, the risks of second-half year business trends falling short of their first-half year levels have increased", Davy Research says

** Negative read-across for other airlines: Air France-KLM , IAG, Wizz Air, Ryanair, easyJet slide between 2% and 4%