Lufthansa forecasts €700 million annual profit

Lufthansa forecasts €700 million annual profit

Lufthansa Group is forecasting a full-year operating profit of €600/€700 million including €300 million in restructuring costs.

The projection came as the German carrier reported a 47% improvement in operating profit of €860 million for the first nine months.

This was cut to around €660 million following costs of restructuring and product improvements against €907 million in the same period last year when Lufthansa benefited from the sale of BMI to International Airlines Group.

The group said it succeeded in keeping revenue stable at €22.8 billion in the January-September period despite a drop in the number of flights.

Chairman and chief executive Christoph Franz said: “The Lufthansa Group has improved its result in the operating business for the first nine months of the year.

“In spite of substantial negative exchange rate effects and fewer flights, we have kept our revenue stable. We have also succeeded in reducing unit costs, in particular in our passenger business.”


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