Lufthansa : Q3 preview –pricing to offset higher fuel costs in Q3 and Q4
>A solid Q3 2023 in prospect - We forecast a solid set of Q3 2023 figures, due on 2 November, with adjusted EBIT of € 1.316bn (+16.3% vs Q3 2022) on sales of € 10.4bn, or a margin of 12.6%, in line with that of Q3 2019. Our estimate is broadly in line with the outlook given by the company in August for EBIT of over € 1.3bn but we think that surging fuel costs in the quarter (+29% not counting the refining margin) will have partly weighed on the performance despite th...Deutsche Lufthansa is an aviation group based in Germany. Co. maintains global operations and a total of more than 500 subsidiaries and associated companies. Co. operates in five major business segments: scheduled passenger air traffic ("Passenger Airline Group"); scheduled airfreight services ("Logistics"); maintenance, repair and overhaul ("MRO"); information technology ("IT Services") and catering ("Catering").
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