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Lufthansa ups outlook after strong third quarter

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Fuel costs are €300 million less than it estimated after Q2
Lufthansa is pushing up its full-year earnings outlook following a strong third-quarter performance helped by low oil prices, it reported this morning.
The airline group reported a net profit for the July-September period of €794 million, up from €561 million a year earlier. Revenue increased to €8.94 billion from €8.46 billion.
The company says it expects adjusted full-year earnings before interest and taxes of between €1.75 billion and €1.95 billion, up from a previous target of around €1.5 billion. Fuel costs for 2015 are estimated to be €5.7 billion, €300 million less than it estimated after Q2.
On a cautionary note, Lufthansa says its outlook does not reflect any possible strike-related costs that may arise.
AP

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