Lufthansa sees earnings boost from strong summer travel

Lufthansa said it expected strong demand for holiday travel this summer to fill seats on its planes and help it reach its full-year targets. "The continuously strong demand gives us confidence for the coming months," finance chief Remco Steenbergen said on Wednesday. Lufthansa said it still expects to post a significant year-on-year improvement in adjusted EBIT for the full year 2023. For Q1, it posted an adjusted EBIT loss of E273m, improved from a E577m loss in the year-earlier period and broadly in line with analyst consensus for 279m. Revenues jumped 40% to E7.02b in the three months through March, though the figure fell short of consensus for E7.57b.<br/>