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.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Source: startelegram - 🏆 248. / 63 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »
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.
Source: startelegram - 🏆 248. / 63 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: NBCNewYork - 🏆 270. / 63 Read more »