Today we take a look at the latest successes of Lufthansa AG, which, thanks to a strong travel summer and higher ticket prices, has achieved an unprecedented profit.

Lufthansa on the Rise: Record Profits Despite Rising Prices Who would have thought that an airline would rise to new heights amidst global uncertainty and challenges? Lufthansa has done it: in the third quarter of this year, the company not only achieved a record turnover of 10.3 billion euros, but also a 47% increased net profit of 1.2 billion euros.

These figures are a clear signal that private customers‘ desire to travel is unbroken, even if they have to dig deeper into their pockets. Average revenues in the third quarter were 2% higher than in the previous year and even 25% higher than in 2019.

Six-month chart of Lufthansa’s liberation stroke? Lufthansa is struggling with the blue-swung 50-day line. (Source: Stock Screener)

Not Immune to Uncertain Times Lufthansa CEO Carsten Spohr is optimistic about the future despite the geopolitical situation. The MDAX-listed company aims to achieve a return of 8% next year – as much as in the good times after the Air Berlin collapse. Cautiously optimistic, Lufthansa aims to operate at 85% of the 2019 level by 2023 and increase it to 95% by 2024.

Cost savings are also in focus to improve profitability and remain competitive in the highly competitive air travel market.

Conclusion It seems that Lufthansa has mastered the turbulence and is continuing its course, supported by a solid booking outlook and a clearly defined strategy for the coming years. As investors, we should watch the developments closely, as the company’s ability to adapt to fluctuating oil prices and market conditions will be crucial.