On a preliminary basis, Lufthansa Group almost doubled revenue year-on-year to €10.1bn in the third quarter of 2022, compared to €5.2bn in the previous year. The Group’s adjusted EBIT amounted to around €1.1 bn, compared to €251million in the previous year. This figure includes the €70million impact caused by strike action.
In the third quarter, Lufthansa Group generated adjusted free cash flow of around €400 million on a preliminary basis, compared to €43 million in the previous year. Lufthansa Group’s net debt decreased to around €6.2bn in the third quarter – this figure was €6.4bn as of June 30, 2022. The Group’s net pension liabilities declined to around €2.1bn (as of June 30, 2022 this figure was €2.8bn) due to the further increase in the discount rate.
Based on the positive development in the third quarter, the current booking situation, which Lufthansa says continues to reflect strong demand for air travel in the coming months and the expectation of another record result from Lufthansa Cargo in 2022, Lufthansa Group is raising its forecast for the full year, excluding currently unforeseen circumstances. It now expects to be able to achieve an adjusted EBIT of over €1bn and an adjusted free cash flow of over €2bn in 2022.
The Group will present its final quarterly results on October 27, 2022.