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Lufthansa Q2 profit climbs 155.1% YOY

Deutsche Lufthansa AG said its normalized net income for the second quarter amounted to 82 euro cents per share, an increase of 150.3% from 33 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €382.6 million, a gain of 155.1% from €150.0 million in the prior-year period.

The normalized profit margin rose to 4.6% from 1.9% in the year-earlier period.

Total revenue grew 8.9% on an annual basis to €8.39 billion from €7.70 billion, and total operating expenses climbed 7.2% from the prior-year period to €7.83 billion from €7.30 billion.

Reported net income grew 205.8% year over year to €529.0 million, or €1.14 per share, from €173.0 million, or 38 cents per share.