Lufthansa jumps back to profit as travel restrictions ease
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[BERLIN] Germany's Lufthansa posted a return to operating profit in the third quarter on Wednesday (Nov 3) for the first time since the beginning of the pandemic, boosted by the easing of Covid-19 travel restrictions and strong demand in the summer season.
The group reported adjusted earnings before interest and tax (Ebit) of 17 million euros (S$26.6 million) in the quarter, compared to a loss of about 1.3 billion euros a year ago.
Analysts in a company-provided poll had expected an adjusted Ebit loss of 33 million euros.
Third-quarter revenue almost doubled to 5.2 billion euros, compared to an average analyst forecast for 5.5 billion euros.
REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
From intern to C-suite: JPMorgan’s Teresa Heitsenrether on building a fully AI-powered ‘megabank’
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
