The Lufthansa Group has reported a third-quarter net profit of €1.42 billion ($1.6 billion) up 79% from a net income of €794 million in 3Q 2015, as the Group stabilizes in a difficult market environment. Third-quarter revenue decreased 1.2% to €8.8 billion year-over-year (YOY), resulting in an adjusted EBIT of €1.1 billion for the quarter, down 6.3% YOY. Traffic revenue fell 3.7% YOY on continued pricing pressures on the passenger and cargo sides. Constant currency ...

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