June 4, 2018 / 5:51 AM / a year ago

INTERVIEW-Lufthansa eyes another record summer, but sticks to profit target

SYDNEY, June 4 (Reuters) - Lufthansa’s chief executive is expecting another record summer in terms of bookings but is still sticking to a forecast for profit to fall this year given rising oil prices and the cost of expanding its Eurowings business.

“Basically we are looking for a record summer, even outperforming the record summer of 2017,” Carsten Spohr told Reuters on the sidelines of an aviation industry meeting in Sydney.

“That applies to the load factors and we are quite positive on the yield situation for this summer,” he said.

Lufthansa is growing its Eurowings budget unit via acquisitions, and Spohr said Lufthansa could grab more opportunities when they arise.

He said while Alitalia would make a good addition to its collection of premium brands, alongside Lufthansa, Swiss and Austrian units, he repeated it needed restructuring first.

Asked whether Lufthansa was interested in Norwegian Air Shuttle, Spohr said: “Everybody talks to everybody right now. It’s a small continent.” (Reporting by Victoria Bryan Editing by Maria Sheahan)

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