Lufthansa sees rise in profits

Measures to improve earnings intensified

30 per cent rise Christoph Franz earnings fuel prices impending downturn Lufthansa net profit respectable result

Lufthansa has seen its profits rise 30 per cent to $832 million(€642 million)  in the period from July to September despite a strike and high fuel prices beating analysts who were expecting a drop of as much as 40 per cent. Even so, cost-cutting measures will intensify, according to chief executive Christoph Franz, who also pointed out that despite strong headwinds, the Lufthansa Group had generated “a respectable result, especially in comparison with the rest of the industry”.  

The low profits and dwindling demand, normally a sign of an impending downturn in the macroeconomic environment, has led to more steps to improve earnings.