Shares in Deutsche Lufthansa rose 4.2% after it updated its estimates for the year, predicting continued high demand for tickets.
Lufthansa expects adjusted earnings before interest and tax of more than €500 million for the full year, in line with market estimates. It had previously expected an improvement in adjusted EBIT compared to 2021, when it had announced losses of €2.35 billion.
It also expects clearly positive adjusted cash flow for the year, and capacity offered to passenger carriers should average around 75% of pre-crisis 2019 levels.
Demand for tickets will continue to be high in the remaining months of the year, he added.
Due to the increase in demand, the adjusted EBIT in the 3rd quarter will increase significantly compared to the 2nd quarter.
Lufthansa also clarified the preliminary results it announced in July, and they spoke of second-quarter revenue rising to 8.46 billion euros from 3.21 billion euros and adjusted EBIT of 393 million euros against losses of 827 million euros a year ago.
Net profits stood at 259 million euros compared to losses of 756 million euros a year ago.
Source: Capital
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