Lufthansa Group network airlines struggle through challenging operating environment

In what it describes as a “challenging operating environment”, Lufthansa Group reported revenue for the third quarter 2019 rose by 2% to €10.2 billion, with third-quarter EBIT of €1.3 billion, compared to €1.4 billion in the prior year. The Adjusted EBIT margin was 12.7%, which was 14.1% in the prior year. Fuel costs for the period were €171 million above their prior-year level, primarily due to currency movements. Cost reductions in other areas only partly offset the increase. In the nine months to end of September 2019, Lufthansa total group revenues increased by 3% to €27.7 billion (prior year: €26.9