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Lufthansa profit beats consensus by 40.1% in Q2

Deutsche Lufthansa AG said its second-quarter normalized net income was €1.23 per share, compared with the S&P Capital IQ consensus estimate of 88 cents per share.

EPS rose 73.6% year over year from 71 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €577.5 million, an increase of 74.9% from €330.3 million in the year-earlier period.

The normalized profit margin increased to 6.2% from 4.1% in the year-earlier period.

Total revenue grew 14.0% year over year to €9.26 billion from €8.13 billion, and total operating expenses grew 9.5% from the prior-year period to €8.28 billion from €7.56 billion.

Reported net income grew 69.3% year over year to €740.0 million, or €1.58 per share, from €437.0 million, or 94 cents per share.