Lufthansa, record revenues in the third quarter at 12.2 billion (+9%)

The Lufthansa group closes the third quarter with revenues up 9% to 12.2 billion euros, marking the best quarter ever, an operating profit (adjusted EBIT) of 1.4 billion euros (+6%), despite a "significant increase" in fuel costs, equal to 543 million euros compared to the previous year, while net profit rises by around 300 million euros to 1.3 billion euros from 966 million. The bottom line improves "due to improved operating profit, positive valuation effects and a negative tax effect in the prior-year period," explains the German group.

"The last quarter was the strongest in terms of revenue in the history of the Lufthansa Group. We managed to increase operating profit by six percent compared to the previous year. Thanks to revenue growth, supported by consistently high demand, and strict cost discipline, we were able to largely offset the increase in fuel costs of around half a billion euros," commented Group CEO Carsten Spohr.