Lufthansa's EPS drops 10% to €2.26 in Q3

Tuesday, 30. October 2018 07:05

Lufthansa AG reported on Tuesday its revenue in the third quarter of fiscal year 2018 amounted to €10 billion, rising by 2% year-on-year but missing analysts' expectations. Traffic revenue declined 1% from the third quarter of 2017 to €8 billion in the same period this year.

Earnings per share dropped 10% to €2.26 in the three-month period, while net profit fell 10% from the second quarter of 2017 and stood at €1.1 billion. Meanwhile, EBIT was down 4% to €1.3 billion and adjusted EBIT slid 11% to €1.4 billion during the July to September period.

For the first nine months of 2018, Lufthansa's revenue increased 1% to €26.9 billion, while EPS declined 7% compared to the same period in 2017 and stood at €3.69. Net profit in the nine-month period declined 6% to €1.7 billion.

Related Links: Deutsche Lufthansa AG
Breaking the News / NP