Lufthansa's Earnings Beat Forecasts After Strong Summer -- Update

By Mauro Orru Deutsche Lufthansa reported earnings ahead of analysts' expectations for the third quarter after what it called a record summer, and said it expects demand for air travel to remain strong in the coming months, even in premium cabins.

"Even though the geopolitical situation remains challenging, our booking outlook gives us reason to be positive--not only for a very good group result this year, but also beyond," said Chief Executive Carsten Spohr. Demand for both short-haul and long-haul flights, particularly among leisure travelers, remains high. Passengers are also continuing to book seats in business class and first class, Lufthansa said.

Analysts had forecast revenue of EUR10.84 billion, profit of EUR1.04 billion and adjusted earnings of EUR1.43 billion, according to a company-provided consensus.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

CVS Health earnings top forecasts on pharmacy, health care benefits strengthCVS stuck to its full-year profit forecasts despite a solid top and bottom line beat in its third quarter earnings report.
Herkunft: startelegram - 🏆 248. / 63 Weiterlesen »

Amgen’s stock jumps premarket after earnings beat and company again raises guidanceCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Amgen Stock Jumps on Earnings Beat, Guidance BoostThe biotechnology company beat third-quarter adjusted earnings estimates but fell a bit short on sales.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Caterpillar shares jump as construction spending powers Q3 earnings beatCaterpillar shares will provide a solid boost for the Dow after the construction equipment giant posted much stronger-than-expected third quarter earnings.
Herkunft: startelegram - 🏆 248. / 63 Weiterlesen »

Caterpillar shares fall on equipment demand concerns despite earnings beatCaterpillar shares fall on equipment demand concerns despite earnings beat
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Pinterest stock rockets 18% after earnings beat, advertising outlookPinterest stock boomed on Tuesday after a strong earnings report on Monday.
Herkunft: NBCNewYork - 🏆 270. / 63 Weiterlesen »