Lufthansa upbeat on revenue trends
BERLIN • German carrier Lufthansa gave a more upbeat assessment of revenue trends to the end of the year, with the carrier benefiting from solid passenger demand and poised to swoop on struggling rivals.
But despite posting record nine-month results yesterday, it stuck to its profit target for the year to earn more than the 2016 total of €1.75 billion (S$2.7 billion). Lufthansa said it expected unit revenue, a measure of pricing, to rise slightly in the fourth quarter after a 4.5 per cent increase in the third quarter. It previously predicted a fall in unit revenue for the second half.
Finnair profits up on strong Asian demand
HELSINKI • Finnair has reported better-than-expected quarterly profits, helped by deploying newer, more efficient aircraft and good demand on its Asian routes, its main target market.
The Finnish airline depends on attracting traffic flows between Europe and Asia to its Helsinki hub and is modernising its aircraft fleet with a plan to acquire 19 new Airbus A350 wide-body planes, 11 of which have now been delivered.
Its third-quarter core operating profit was up 80 per cent at €119 million (S$190 million), ahead of the average of analysts' forecasts of €99 million.