Lufthansa beat analysts’ expectations to post a quarterly profit for the first time since the pandemic, becoming the second major European airline to benefit from the travel recovery as international borders reopen.
The German airline, which is in the process of slimming down its business and is axing more than 30,000 staff, eked out earnings of €17m before interest and taxes for the three months to the end of September. In the previous quarter, Lufthansa booked a loss of more than €950m.
Last week, Air France-KLM said its operating income had come in at €132m for the quarter, citing strong customer demand.
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