Lufthansa's profit drop, revenues reach 10.7 billion

(ANSA) - BELGRADE, OCT 29 - Lufthansa outperforms expectations in the third quarter, with a net result of 1.1 billion, down 8. 1% from the same period last year but higher than analysts' estimates of 779 million. Adjusted operating profit fell 8.7% to 1.34 billion, exceeding expectations (Bloomberg's consensus was 1.29 billion). In the quarter, revenues increased by 4.5% to 10.74 billion, meeting expectations, and the group transported 40 million passengers (+6%). For the entire year, the German airline anticipates an adjusted operating profit of between 1.4 and 1.8 billion euros.
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