UPDATE – Lufthansa Group produced a strong summer quarter, posting an Adjusted operating profit in Q3 of €1.468 billion that sits right in between that of its main competitors IAG and Air France-KLM. The airline confirms its full-year guidance op producing an Adjusted EBIT of €2.6 billion, based on continued strong bookings in Q4 and for the holiday season.
Adjusted EBIT of Q3 is up 31 percent from last year’s €1.131 billion. It is the highest-ever result in a summer quarter for the group. Consolidated revenues were up by eight percent to €10.275 from €9.537 billion, of which €8.832 billion came from traffic. Operating expenses were up by five percent to €9.561 billion. Lufthansa Group produced a net profit in the September quarter of €1.192 billion, up from €809 million last year.
Active as a journalist since 1987, with a background in newspapers, magazines, and a regional news station, Richard has been covering commercial aviation on a freelance basis since late 2016.
Richard is contributing to AirInsight since December 2018. He also writes for Airliner World, Aviation News, Piloot & Vliegtuig, and Luchtvaartnieuws Magazine. Twitter: @rschuur_aero.
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