Lufthansa lifts 2022 profit guidance amid strong travel demand

Lufthansa has raised its profit guidance for its 2022 financial year for the second time in two months, citing strong demand for air travel that helped lift earnings performance in October and November above expectations. The group now anticipates that full-year adjusted earnings before interest and taxes will come in at around E1.5b, up from its prior outlook of more than E1b. Analysts had penciled in core profit of E1.13b for the period. Shares in Lufthansa rose by more than 4% in early European trading on Tuesday. The carrier said average passenger yields have remained well above pre-pandemic levels. Bookings in the coming months indicate a "continuation of the positive trend" in the passenger unit, the company added. Meanwhile, its cargo business and maintenance service are also expected to achieve record annual results.<br/>