Lufthansa lifts profit target on bumper summer bookings

BERLIN/FRANKFURT, July 17 (Reuters) - German airline Lufthansa increased its profit target for 2017 after a busy summer for bookings that has been boosted by demand on North American routes and a strong Germany economy.

The airline now expects its full-year adjusted earnings before interest and tax (EBIT) to exceed the 2016 level of 1.75 billion euros ($2 billion), it said in a statement on Monday.

Lufthansa previously said it expected adjusted EBIT to fall slightly this year. It is due to report full second quarter results on Aug. 2. ($1 = 0.8712 euros) (Reporting by Victoria Bryan and Maria Sheahan; editing by Alexander Smith)