Air traffic: Lufthansa doubles profit forecast for 2022

After a surprisingly strong summer quarter, Lufthansa expects significantly better business for the year as a whole.

Air traffic: Lufthansa doubles profit forecast for 2022

After a surprisingly strong summer quarter, Lufthansa expects significantly better business for the year as a whole. The management now considers an adjusted operating profit (adjusted EBIT) of more than one billion euros to be achievable, as the company announced today.

At the beginning of August, CEO Carsten Spohr raised the target to more than 500 million euros. Experts recently assumed an average of a good 800 million euros. Shortly before the close of trading, the share was up a good three percent.

According to preliminary figures, Lufthansa generated revenue of 10.1 billion euros in the third quarter, almost twice as much as in the corona-ridden summer of 2021. At 1.1 billion euros, adjusted operating profit was more than four times as high as in the same period of the previous year. According to the information, strikes cost around 70 million euros.

The company also justified the raised forecast with strong demand for air travel, the current booking situation and another record result from the freight subsidiary Lufthansa Cargo. Lufthansa intends to present its full quarterly figures on October 27th.

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