Lufthansa has said its €16 GDS charge has had little impact on booking volumes in its domestic markets and has raised its full year profit forecast.

CEO Carsten Spohr said there had been some changes in other markets but this has been offset by direct bookings.

In a call with analysts following the publication of its quarterly results, Spohr said it was too soon to properly judge the impact of the controversial charge.

Last week, a survey from GBTA claimed around half of global buyers have decreased bookings following the introduction of the fee.

The quarterly results showed that Lufthansa raised its full year profit forecast after strong summer sales and low fuel prices helped the German airline post “significantly improved” results.

The airline now expects adjusted operating profit of between €1.75 billion and €1.95 billion for the year ending December 31 2015.

However, in a statement Lufthansa admitted demand has “deteriorated noticeably” in the past few weeks.

It added that this forecast does not incorporate any strike-related costs which might be incurred between now and year-end.

The airline’s low-cost offshoot Germanwings has also exceeded expectations and broke even for the year.

However, Lufthansa warned that pricing in its passenger airline business to worsen again in the fourth quarter of this year.

“We cannot expect to fly for too long with a tailwind of low oil prices,” said CEO Carsten Spohr. “So we must continue to work hard on the competitiveness of our cost structures. And here we have already identified cost savings of around EUR 1 billion for 2016.

“We are making good progress at all levels in securing the Lufthansa Group’s future, and our new group alignment is now clearly taking shape,” he said.

Subscribe to the BBT Newsletter

Join the Buying Business Travel newsletter for the latest business travel news.

Thank you for signing up!