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.
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.
