Lufthansa reported third-quarter adjusted earnings before interest and tax (EBIT) of 1.47 billion euros ($1.56 billion), up 31% year-on-year and slightly above average expectations for 1.43 billion in an analyst consensus published on the company's website.
Lufthansa said bookings for the fourth quarter were up by double-digit percentages year-on-year.
Costs were 0.9% lower than the same quarter last year despite rising inflation, while net profits were at 1.2 billion euros.
Next year, Lufthansa expects the amount of seating capacity available to fliers to increase further to around 95% of pre-pandemic levels.
Capacity will increase to 91% of pre-pandemic levels in the fourth quarter, they said.
Persons:
Carsten Spohr, Bernstein, Alex Irving, Maria Sheahan, Joanna Plucinska, Kirsti Knolle
Organizations:
Lufthansa, Thomson
Locations:
BERLIN