Daily Journal masthead

Germany's Lufthansa sees strong rise in 2nd-quarter earnings, helped by falling fuel costs

bug
Share/Save/Bookmark

BERLIN — Lufthansa says its earnings trebled in the second quarter compared with a year earlier, helped by falling fuel costs.

Deutsche Lufthansa AG, which includes airlines such as Swiss, Austrian Airlines and Germanwings, on Thursday reported net earnings of 529 million euros ($584 million) for the April-June period, up from 173 million euros a year earlier. Revenue rose 8.9 percent to 8.39 billion euros from 7.7 billion euros.

Lufthansa confirmed its full-year outlook for adjusted pre-tax earnings of over 1.5 billion euros before strike costs.

The second quarter saw no strikes by Lufthansa's pilots in a long-running dispute that has led to repeated disruptions.

Chief financial officer Simone Menne said, alongside "extra momentum" for Lufthansa's passenger airlines, "the fall in fuel costs is largely responsible for the improvement in our results."

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow Daily Journal:

All content copyright ©2015 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.