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Lufthansa Significantly Boosts Revenue, Makes Operating Profit

By Dave Simpson

Germany's Lufthansa LHAG.DE returned to profitability in the second quarter, reporting that its revenue had more than doubled compared with the year before.

Details

Group revenue was approximately €8.5 billion in the quarter, compared with 3.2 billion euros the same period last year, according to preliminary figures released Friday 15 July.

"The Group benefited from a continuously strong performance at Lufthansa Cargo," the airline said in a statement.

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Adjusted cash flow was reported at approximately €2 billion, boosted by strong demand for bookings and operating profit, it said, adding that net debt is expected to have fallen by a similar amount in the second quarter.

EBIT

Adjusted earnings (EBIT) were between €350 million and €400 million, compared with a loss of €827 million a year earlier, Lufthansa said.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

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