Lufthansa becomes latest airline to tap higher ticket prices and profits amid summer chaos

The airline also provided a clearer outlook for full-year profit, predicting adjusted earnings before interest and taxes of more than €500m, which compares with the €585m estimate of analysts

Lufthansa now said it expects a “significant increase” in earnings in the third quarter compared to the second. File photo

Lufthansa has forecast its profits will keep rising in the coming months, the latest airline to tap the benefits of surging demand that has allowed it to increase ticket prices as airports insist that carriers cancel flights to cope with the summer chaos. 

Last week, both Air France-KLM and IAG, the conglomerate that owns Aer Lingus, British Airways, and other airlines, in a perverse boost, tapped higher fares amid major cancellations forced on them by major European airport hubs.