After releasing a profit warning for Q3 16 on 21 July, management’s preliminary numbers are better. As short-term bookings by business passengers were higher than anticipated then, Lufthansa’s 9M revenue came in at €23.9bn (-1.7%), whereas we had expected €23.72bn. According to the ad-hoc release, adjusted EBIT fell by 1% to €1.69bn.
20 Oct 2016
9M16 numbers slightly better than expected
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
9M16 numbers slightly better than expected
Deutsche Lufthansa AG (LHA:WBO) | 0 0 (-0.3%) | Mkt Cap: 12,564m
- Published:
20 Oct 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
After releasing a profit warning for Q3 16 on 21 July, management’s preliminary numbers are better. As short-term bookings by business passengers were higher than anticipated then, Lufthansa’s 9M revenue came in at €23.9bn (-1.7%), whereas we had expected €23.72bn. According to the ad-hoc release, adjusted EBIT fell by 1% to €1.69bn.