Lufthansa profits soar in Q2

German airline group Lufthansa reported zooming profits in the second quarter Wednesday, as increased passenger demand and lower fuel costs lent tailwinds to its business. Net profit between April and June stood at 740 million euros ($875 million), up 69.3 percent from its level in 2016's second quarter. Operating, or underlying profit reached 1.0 billion euros, on the back of 9.3 billion euros in revenue. Looking ahead to the full year, Lufthansa confirmed its forecast - increased in mid-July - of operating profits adjusted for special items higher than the 1.75 billion euros reported in 2016.