Lufthansa Q3 profits down, confirms 2017 destination

German airline group Lufthansa on Wednesday confirmed its objectives for the full year, even as its third-quarter profit fell. Between July and September — the key summer holiday period for European carriers — Lufthansa’s net profit fell by 17 percent year-on-year to 1.18 billion euros ($1.4 billion). In the third quarter of 2016, Lufthansa’s bottom line had been boosted by the elimination of provisions following a pay and pensions deal with staff.

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