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Lufthansa remains on course

1st August 2008 Print
Lufthansa remains on course with an improved operating result - during the first six months of 2008, the Group increased its offer and sales. The Group improved its operating result to 705 million euros, which marked an increase of 219 million euros in comparison with the first six months of 2007. The newly consolidated SWISS contributed a share of 157 million euros.

The net profit for the period was reported at 402 million euros; during the same period last year this figure was at 992 million euros, however, it included book gains of 503 million euros from the sale of the Thomas Cook stake, as well as 71 million euros from the share buy-back by WAM Acquisition S.A. “The result is a strong performance in a highly challenging environment. It marks the reward for the hard work that has been invested by all of the Lufthanseats and all of the Group’s companies, such as SWISS. It is the result of careful precautions”, commented Lufthansa Chairman and CEO Wolfgang Mayrhuber, speaking at the presentation of the first-half results.