Lufthansa beats forecasts and records record revenues on the day it signs the purchase of TAP

Lufthansa reported record revenues of €12.2 billion in Q3, exceeding market expectations, coinciding with the signing of a contract to acquire up to 49.9% of TAP. Despite a 27.1% rise in fuel prices, the company achieved a 9.3% year-on-year growth. Operational costs increased by 10.7% to €11.6 billion, primarily due to higher fuel expenses. Adjusted EBIT reached €1.4 billion, a 5.7% increase from last year, slightly surpassing analyst projections. The positive results were driven by strong performance in cargo and maintenance sectors, while passenger transport saw a decline in operational results.