Germany’s Lufthansa posted on Wednesday a return to operating profit in the third quarter for the first time since the coronavirus crisis, supported by the easing of travel restrictions and strong demand during the summer season.
The group reported adjusted earnings before interest and tax (EBIT) of 17 million euros ($19.69 million) in the quarter, versus a loss of 1.262 billion euros in the year-ago period.
Analysts in a company-provided poll had expected an adjusted EBIT loss of 33 million euros.
The company’s third-quarter revenue almost doubled to 5.2 billion euros, compared with analysts’ forecast for 5.5 billion euros.
