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Lufthansa raises 2022 profit forecast, shares rise

Lufthansa's shares are up 30% so far this year
Lufthansa's shares are up 30% so far this year

Lufthansa expects to achieve adjusted earnings before interest and taxes (EBIT) of around €1.5 billion in 2022, the German flag carrier said in a statement today.

Lufthansa saw strong demand for air travel and better-than-expected earnings in October and November, it added.

The group's previous EBIT forecast was for more than €1 billion.

Lufthansa already raised its profit outlook in October, helped by strong demand for air travel that continued its post-Covid recovery.

Lufthansa's shares were up 4.4% this morning, among the best performers of Germany's midcaps index.

Its shares are up 30% year to date.