Lufthansa eyes improving revenue trends after profit jump
BERLIN (Reuters) – German carrier Lufthansa <LHAG.DE> stuck to its profit target for the year even as it reported improvements in ticket pricing trends and a 32 percent rise in third-quarter profit.
Lufthansa said it expected unit revenues, a measure of pricing, to rise slightly in the fourth quarter after a 4.5 percent increase in the third quarter.
Lufthansa expects 2017 profit to be above last year’s record 1.75 billion euros (£1.56 billion). CEO Carsten Spohr has said this year is shaping up to be significantly better than 2016.
Analysts on average expect Lufthansa to report 2017 adjusted EBIT of 2.6 billion euros.
(Reporting by Victoria Bryan)