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Lufthansa Group has announced an operating profit of 1.3 billion euros for the third quarter, following a robust summer travel season. Carsten Spohr, Chairman of the Executive Board and CEO of Deutsche Lufthansa AG, expressed gratitude to employees and customers: “Today, we are reporting on another strong summer travel season, with a record seat load factor of 88 percent in August."
The group's revenue increased by five percent year-on-year to 10.7 billion euros due to more flights and growth at Lufthansa Technik. However, the operating margin decreased from 14.3 percent last year to 12.5 percent this year due to rising costs.
Passenger airlines within the group saw a six percent increase in passengers compared to last year, welcoming over 40 million guests during the quarter. Despite this growth, average yields dropped by 3.5 percent because of industry-wide capacity expansion.
