BERLIN—Lufthansa raised its forecast for full-year adjusted operating profit to over 1 billion euros ($980.40 million) on Monday, boosted by strong demand for air travel that continued its post-COVID recovery.
The company previously expected adjusted operating profit (EBIT) of more than 500 million euros.
Preliminary results for the third-quarter indicated that the airline almost doubled its year-on-year revenue in the third quarter to 10.1 billion euros, with quarterly adjusted earnings coming in at 1.1 billion euros.
The impact from strikes brought down earnings by around 70 million euros, according to the statement by the airline.
“Based on the positive development in the third quarter, the current booking situation, which continues to reflect strong demand for air travel in the coming months … Lufthansa Group is raising its forecast for the full year,” the statement said….