Lufthansa lifts 2016 profit guidance after strong September

Lufthansa lifts 2016 profit guidance after strong September
 

German airline Lufthansa (LHAG.DE) increased its profit target for the year after business bookings proved better than expected in September and its decision to cut back the amount of seats it planned to offer this year paid off.
Lufthansa said on Wednesday it now expects 2016 adjusted earnings before interest and tax (EBIT) to be roughly on the level of last year, when it made just over 1.8 billion euros ($2 billion), against a previous forecast for a drop.
The upgrade comes in contrast to profit warnings this month from low-cost rivals Ryanair (RYA.I) and easyJet (EZJ.L), whose greater... read more

 
19 October 2016 in Business, Views: 48
Source: Reuters
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