Lufthansa’s revenue continued to fall in Q3 (-1.2% to €8.83bn) bringing the 9M number to €23.9bn, a decrease of 1.8%. Simultaneously, EBIT increased by 51% to €1.81bn in the last quarter and by 40% to €2.33bn ytd. The respective net profit numbers were +79% to €1.42bn and +5.9% to €1.85bn. At a glance, the revenue number was very much in-line with our expectation while the profit numbers were considerably higher. However, the latter benefited from the wage
02 Nov 2016
€713m gain from the pension settlement with Ufo
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€713m gain from the pension settlement with Ufo
Deutsche Lufthansa AG (LHA:WBO) | 0 0 (-0.3%) | Mkt Cap: 12,564m
- Published:
02 Nov 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Lufthansa’s revenue continued to fall in Q3 (-1.2% to €8.83bn) bringing the 9M number to €23.9bn, a decrease of 1.8%. Simultaneously, EBIT increased by 51% to €1.81bn in the last quarter and by 40% to €2.33bn ytd. The respective net profit numbers were +79% to €1.42bn and +5.9% to €1.85bn. At a glance, the revenue number was very much in-line with our expectation while the profit numbers were considerably higher. However, the latter benefited from the wage