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Lufthansa Surges as Travel Rebounds With $1,000 London Fares

  • Revenue more than doubled in quarter, German carrier says
  • Fraport seeks to cut takeoffs and landings in Frankfurt
Lufthansa is benefiting from rising fares as carriers cancel flights to get to grips with disruption at major airport hubs.

Lufthansa is benefiting from rising fares as carriers cancel flights to get to grips with disruption at major airport hubs.

Photographer: Alex Kraus/Bloomberg
Updated on

Deutsche Lufthansa AG returned to profitability in the second quarter, benefiting from surging travel demand that’s overwhelmed airlines and airports across Europe and has forced many to raise fares and limit seat availability.

The stock gained as much as 9% after the German airline said revenue more than doubled to 8.5 billion euros ($8.5 billion), while adjusted earnings before interest are expected to come in between 350 million euros and 400 million euros, far exceeding the 218 million euro estimate by analysts.