Lufthansa reports 9% decline in Q3 profit as core brand struggles

Lufthansa reported a 9% year-on-year decline in its third-quarter operating profit, landing at 1.3 billion euros. The flagship carrier faces challenges from low yields, international competition, and increasing costs. Despite measures for a turnaround, passenger airlines’ profit dipped to 1.2 billion euros. The company aims to improve earnings by 2026 with a gross effect on operating profit.