Frankfurt: German airline group Lufthansa reported a significant increase in profits for the second quarter, driven by growing demand, despite ongoing global uncertainties. The airline’s net profit for the April to June period reached one billion euros ($1.2 billion), more than doubling from 469 million euros in the same timeframe the previous year. This result was further enhanced by favorable tax and currency effects.
According to Bangladesh Sangbad Sangstha, sales for Lufthansa increased by three percent, reaching 10.3 billion euros. Financial analysts from FactSet had predicted a net profit of slightly over 500 million euros for the group, which includes airlines such as Lufthansa, Eurowings, Austrian, Swiss, and Brussels Airlines. CEO Carsten Spohr stated that the Lufthansa Group remains on the right track despite the quarter’s challenges, including geopolitical crises and economic uncertainties. The company confirmed its positive outlook for the full year, anticipating operating profits to surpass the 2024 result of 1.6 billion euros.
During the second quarter, over 37 million passengers traveled with Lufthansa’s airlines, an increase from 35.9 million the previous year. The group also noted a positive outcome from its minority stake acquisition in ITA Airways, the Italian state-owned airline established from Alitalia. Additionally, Lufthansa’s air freight division saw its operating profit double, driven by high demand for e-commerce deliveries originating from Asia. The flagship Lufthansa carrier’s turnaround program is also showing progress. The quarterly results were favorably compared to the previous year when the airline was dealing with widespread walkouts.