Today, on Tuesday, the massive Lufthansa Group of Germany said that its profits for the third quarter of this year, before taxes, benefits, and depreciation, grew to 1. In comparison to 251 million euros during the same period last year, 1 billion euros (1.08 billion dollars) had been earned.
The group pointed out that the results of the third quarter included losses of about 70 million euros caused by labor strikes.
The third quarter of this year saw a nearly twofold increase in sales for Lufthansa, reaching 10. 1 billion against 5 billion euros. 2 billion euros in the same time frame the previous year.
In light of the encouraging results for the third quarter, the continued strength of the demand for air travel in the months to come, and the anticipated new record results for the Lufthansa Cargo air freight company, the group increased its expectations for the results of the current year as a whole.
After taking seasonal factors into account, the Lufthansa Group anticipates yearly profits before deducting perks and taxes throughout the current year as a whole of more than one billion euros. In August of last year, the business anticipated annual profits of more than 500 million euros.
Additionally, the group anticipates free cash flows to exceed two billion euros this year.
On October 27, the German company is expected to release the complete results for the third quarter.
the third quarter’s high profits for Lufthansa and higher than anticipated forecasts
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