German carrier Lufthansa expects 2023 to be one of its best years. The airline said second-quarter profits more than tripled.Lufthansa on Thursday posted a record result in the second quarter, putting the German airline on track for one of the three most lucrative years in its history.

Also Read | Cancer Treatment: US Scientists' Cancer-Killing Pill Can 'Annihilate All Solid Tumours'.

Adjusted earnings before interest, taxes (EBIT) should reach at least €2.6 billion ($2.8 billion) in 2023, the company said in a statement on Thursday.

Also Read | Rapido Shows Waiting Time of 225 Minute After Bengaluru Resident Books Auto-Rickshaw Ride for 45-Minute Journey.

Lufthansa recorded a net profit of €881 million from April to June, a rise from €259 million in the same quarter of 2022.

The group's revenues spiked 17% to €9.38 billion.

The results were driven by rising demand for flights as well as a surge in ticket prices.

Lufthansa's stock price slid 5.8% in early trading as analysts had expected higher adjusted free cash flow.

In 2022, Lufthansa earned around €1.5 billion in its day-to-day business.

In 2017, its best year to date, the airline achieved an adjusted operating profit of just under €3 billion.

dvv/sms (dpa, AFP)

(The above story first appeared on LatestLY on Aug 03, 2023 03:10 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).