Lufthansa Group reported a net profit of €247 million ($340 million) for the first nine months ended Sept. 30, down 64.6% from the year-ago period. Group total revenue for the 9-month period was €22.8 billion, down 0.23% year-over-year. Operating profit was €661 million, down 27.1% from €907 million in the year-ago period. Adjusted operating profit was €859 million, up 48% from €582 million in Sept. 30, 2012. In a statement, the Lufthansa Group said the results were adjusted for restructuring and project costs and positive nonrecurring effects.
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