Reuters
BERLIN (Reuters) -German airline group Lufthansa on Tuesday reported a year-on-year fall in its operating profit in the third quarter, as its flagship carrier Lufthansa struggles with low yields, competition with international airlines and spiralling costs. The German group reported a third-quarter operating profit of 1.3 billion euros ($1.41 billion), largely in line with the expectations of analysts polled by the company, but 9% lower than a year earlier. Lufthansa's passenger airlines generated an operating profit of 1.2 billion euros in the third quarter, down from 1.4 billion in the same period of 2023.