Lufthansa Lifts 2015 Earnings Forecast on Summer Gains, Fuel
- Fuel costs seen dropping by 1.1 billion euros versus 2014
- Freight division posts second consecutive quarterly loss
Inside Lufthansa's Earnings With CEO Carsten Spohr
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Deutsche Lufthansa AG, Europe’s second-largest airline, raised its earnings forecast for 2015 after a jump in mid-year demand and a drop in oil prices contributed to a 51 percent surge in third-quarter operating profit.
Earnings before interest and taxes, adjusted for asset valuations, disposals and pension provisions, will be in a range of 1.75 billion euros ($1.9 billion) and 1.95 billion euros, Cologne, Germany-based Lufthansa said Thursday in a statement. That compares with an earlier forecast that operating profit would exceed 1.5 billion euros, and with last year’s figure of 1.17 billion euros. Shares rose to their highest price since February.