Lufthansa Group Registers €1.1bn in Q3 Operating Profits

DALLAS – Frankfurt-based Lufthansa Group (LH) made an operating profit of €1.1bn in the third quarter of this year, thanks largely to passenger air travel demand remaining strong.

More than 33 million passengers used the airlines of the Lufthansa Group between July and September, compared to 20 million last year, according to the Q322 report.

As a result, the Lufthansa Group joined global airlines’ return to profitability in the third quarter with an adjusted free cash flow of €410m (US$408.5m). Earnings for passenger airlines also rose, and logistics and MRO had record performance.

The CEO of Deutsche Lufthansa AG, Carsten Spohr, stated that read more ⇒

Source:: “Airways Magazine”

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