Lufthansa Group today updated its earnings forecast for 2022, which now expects earnings before interest and taxes (EBIT) of around 1.5 billion euros, when it previously expected around 1 billion euros.
The group said it continues to see strong demand for air travel, with yields in the passenger segment still well above pre-crisis levels, while expecting Lufthansa Cargo and Lufthansa Technik to achieve record results.
Also, during October and November they recorded results that exceeded their expectations, and the booking situation for the coming months indicates that the positive trend will continue.
Already during the presentation of the third quarter results, Lufthansa Group CEO Carsten Spohr had stated that the company «has put the economic pandemic behind it and is looking optimistically to the future».
In that period the group had total revenues of 10.1 billion euros, a figure that represents an increase of 93% over the same period last year, with adjusted earnings before interest and taxes (EBIT) was 1.1 billion euros, including the impact of the strikes last summer boreal that, according to the company, generated losses of 70 million euros.
Lufthansa Group shares were trading at €8.03 at 10:48 CET on Tuesday, +4.27% higher than the previous day’s closing price.
