BERLIN (Reuters) – Germany’s Lufthansa posted a return to operating profit in the third quarter on Thursday for the first time since the beginning of the pandemic, boosted by the easing of COVID-19 travel restrictions and strong demand in the summer season.
The group reported adjusted earnings before interest and tax of 17 million euros ($19.69 million) in the quarter, compared to a loss of 1.262 billion euros a year ago.
Analysts in a company-provided poll had expected an adjusted EBIT loss of 33 million euros.
Third-quarter revenue almost doubled to 5.2 billion euros, compared to an average analyst forecast for 5.5 billion.
($1 = 0.8634 euros)
(Reporting by Riham Alkousaa, editing by Emma Thomasson)
