FRANKFURT (Reuters) – German airline group Deutsche Lufthansa said it expects strong demand for holiday travel over the summer to fill seats on its planes and help it meet its full-year targets.
“Continued strength in demand gives us confidence for the coming months,” Chief Financial Officer Remco Steenbergen said on Wednesday.
Lufthansa said it still expects to post a significant year-on-year improvement in its adjusted operating profit before interest and tax (EBIT) for the full year 2023.
In the first quarter, it posted an adjusted EBIT loss of 273 million euros (300.96 million dollars), which is an improvement over the loss of 577 million in the same quarter of the previous year and is in line with the average of analysts, who expected 279 million.
Revenues increased by 40%, to 7,020 million euros, in the three months to March, although the figure was below the average of 7,570 million.
(1 US dollar = 0.9071 euros)
(Reporting by Maria Sheahan; Editing in Spanish by Benjamín Mejías Valencia)
