FRANKFURT (Reuters) – Germany’s Lufthansa gave an upbeat forecast for the air travel market on Thursday, saying it expected air travel demand to remain strong, with average yields high.
It plans to offer about 80% of its pre-pandemic capacity to its airlines in the fourth quarter, which should help it achieve a quarterly operating profit, it said as it published full quarterly financial results.
The carrier last week raised its forecast for full-year adjusted operating profit to more than 1 billion euros ($980.40 million), boosted by strong demand for air travel that continued its post-COVID recovery.
It said Thursday that its yields, a measure of profitability, jumped 23% in the third quarter compared with 2019, hitting a new record.
(Reporting by Ilona Wissenbach; Writing by Maria Sheahan, Editing by Kirsti Knolle)