Lufthansa reports 80% profit surge
Lufthansa posted a Q3 net profit of E1.42b, up 79.1% from last year. The increase was principally due to a one-off gain from a collective agreement with the UFO flight attendants’ union on pensions. Adjusted EBIT for the quarter to end September was E1.148b, from E1.225b in the prior year period. Total revenue came in at E8.828b, down 1.2% on 2015. During the quarter Lufthansa raised capacity by 4%. Revenue came in 2.1% higher in available seat km. Overall passenger load factor was down 1.6 percentage points at 84.4%. Lufthansa expects constant currency revenue will fall by between 7 and 8 % in Q4. It said adjusted EBIT for the full year 2016 will be “approximately on [the] previous year’s level”.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-11-03/star/lufthansa-reports-80-profit-surge
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Lufthansa reports 80% profit surge
Lufthansa posted a Q3 net profit of E1.42b, up 79.1% from last year. The increase was principally due to a one-off gain from a collective agreement with the UFO flight attendants’ union on pensions. Adjusted EBIT for the quarter to end September was E1.148b, from E1.225b in the prior year period. Total revenue came in at E8.828b, down 1.2% on 2015. During the quarter Lufthansa raised capacity by 4%. Revenue came in 2.1% higher in available seat km. Overall passenger load factor was down 1.6 percentage points at 84.4%. Lufthansa expects constant currency revenue will fall by between 7 and 8 % in Q4. It said adjusted EBIT for the full year 2016 will be “approximately on [the] previous year’s level”.<br/>
