German airline Lufthansa posted a net profit of €1.26 billion in the third quarter. The result for the period from July to September rose year-on-year by 30 percent and beat expectations. hnonline.sk ↗
The performance was supported by a strong summer season and robust demand for air travel. The company was also helped by higher ticket prices, which partially offset rising costs. However, in the third quarter Lufthansa had to spend more than half a billion euros more on jet fuel than in the comparable period. Der Standard ↗
According to available data, kerosene costs are weighing heavily on the group's finances. On an annual basis, fuel expenses could be roughly two billion euros higher. Nevertheless, the adjusted operating result in the third quarter developed better than expected. Spiegel.de ↗
Lufthansa CEO Carsten Spohr noted that rising fuel prices will affect ticket prices next year. Airlines therefore expect further increases in air travel prices, which are meant to help cover rising operating costs. n-tv ↗
The results show that travel demand remains resilient despite higher prices. However, further financial developments will depend mainly on fuel prices, demand trends, and the company's ability to pass rising costs on to ticket prices.
Lufthansa boosted profit, but airfares may rise next year
Videos
This summary was generated by artificial intelligence. It may contain inaccuracies. Please verify information in the original sources below.
Sources (5)
Čistý zisk spoločnosti Lufthansa v treťom kvartáli vzrástol o 30 %
teraz.sk
| 15:03 03.11.
Kerosin treibt die Kosten: Lufthansa kündigt deutlichen Anstieg von Flugpreisen an
n-tv
| 14:28 03.11.
Lufthansa steigert Sommer-Gewinn trotz teuren Kerosins
Der Standard
| 08:52 03.11.
Lufthansa: Trotz teurem Kerosin steigert Airline ihren Gewinn
Spiegel.de
| 07:37 03.11.
Hohe Treibstoffrechnung: Lufthansa steigert Sommer-Gewinn trotz teuren Kerosins
Tagesspiegel
| 07:19 03.11.
🔥 You might also like
📰
Economy & Business
Lufthansa gains preferred position in bid to purchase stake in Portugal's TAP
The Portuguese government has chosen German airline group Lufthansa as the preferred partner for the sale of a 44.9 percent stake in TAP Air Portugal.
Economy & Business
Lufthansa's profit falls on expensive fuel and strikes
Lufthansa posted a sharp drop in second-quarter profit as high jet fuel prices and employee strikes hit its business. The company...
📰
Germany — Regional
Lufthansa plane's front landing gear fails at Frankfurt
A Lufthansa aircraft accident occurred at Frankfurt Airport on Thursday, injuring several employees. The plane was in a parking position...
© HotInfo
From our newsroom original
All →
Vance blamed Republicans' defeat on the war with Iran
Hungary opens database of communist secret police files
Fico rejects early elections, opposition speaks of buying MPs
Hungary corrected Orbán's troop numbers for NATO. Slovakia lowered its estimates in the same table even more sharply
Mecca Pact Countries Held Their First Joint Talks in Tehran. They Agreed Only to Keep Talking
Cruise ship with over 3,300 people on board collided with two container ships in Bremerhaven
Swiss court convicts Belarusian over disappearance of Lukashenko opponent in 1999
International Criminal Court may use American software even under US sanctions
