Lufthansa Group increases net profit to €524 million

The Lufthansa Group made a net profit of €524million for the first nine months of the year, compared to €31 million for the same period last year.

During the nine-month period the group generated revenue of €20.2billion (+24.9 per cent) and improved its operating result by €386 million to €612 million the previous year. “The nine-month earnings reflect both the measures undertaken in the group to reduce costs and the gratifying pace of demand in the third quarter, particularly in the freight and intercontinental passenger businesses. In view of the course of business to date and current stable demand, the executive board has revised its expectations for the earnings development upwards and now anticipates that the operating result for the full year will exceed the € 800 million mark,” a company statement said.