Lufthansa Group Q3 2016 Earnings Conference

Lufthansa Group reported Q3 2016 adjusted EBIT of €1,148m, slightly below prior year despite cost reduction initiatives and capacity management. The airline group achieved a 2.1% decrease in unit costs while managing revenue pressures from weak demand, with tariff agreement benefits contributing €713m EBIT relief. For full year 2016, management updated guidance to expect adjusted EBIT approximately on prior year's level.