Lufthansa Group is hiking its outlook for full-year adjusted earnings to more than €1 billion ($984 million), following indications of a strong third quarter.

The German company says the increase is based on the current booking situation which “continues to reflect strong demand” over the next few months.

It adds that it expects a record performance from Lufthansa Cargo for the year.

Lufthansa Group has disclosed that third-quarter revenues reached €10.1 billion, nearly double that for the equivalent period last year.

Over the three months to 30 September, it says, adjusted earnings before interest and tax amounted to €1.1 billion – including the estimated €70 million negative effect from industrial action.

Lufthansa Group, which will detail the quarterly performance on 27 October, reduced its net debt slightly, to €6.2 billion from €6.4 billion at the half-year mark.

Lufthansa A350-c-Lufthansa

Source: Lufthansa