- Title: Lufthansa upbeat as leisure travel demand remains high
- Date: 3rd August 2023
- Summary: FRANKFURT, GERMANY (FILE - FEBRUARY 15, 2023) (REUTERS) VARIOUS OF LUFTHANSA PLANES PARKED AT AIRPORT TERMINAL VARIOUS PASSENGERS WAITING AT CHECK-IN FRANKFURT, GERMANY (FILE - MARCH 19, 2020) (REUTERS) VARIOUS OF LUFTHANSA PLANES AT FRANKFURT AIRPORT
- Embargoed: 17th August 2023 10:27
- Keywords: DAX Fitch Lufthansa U.S. credit rating
- Location: FRANKFURT, GERMANY
- City: FRANKFURT, GERMANY
- Country: Germany
- Topics: Company News Markets,Europe,Economic Events
- Reuters ID: LVA002194203082023RP1
- Aspect Ratio: 16:9
- Story Text: German airline group Deutsche Lufthansa on Thursday (August 3) said it expected high demand for travel, especially in premium classes, to continue for the rest of the year as it reported a jump in second-quarter revenue and profits.
Bookings for August to December were on average at more than 90% of pre-pandemic levels, prompting Lufthansa to expand its capacity to 88% of the 2019 level in the third quarter, the group said.
German Analyst Oliver Roth of Oddo Seydler Bank said at the Frankfurt stock exchange, the Lufthansa shares were down as many investors sold on "good news".
For the full year 2023, Lufthansa now expects adjusted earnings before interest and taxes (EBIT) to come to more than 2.6 billion euros, having previously forecast a significant increase from last year's 1.5 billion.
(Production: Max Schwarz, Lena Toepler) - Copyright Holder: FILE REUTERS (CAN SELL)
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