Small profit for Lufthansa Group
Lufthansa Group returned to operating profit during the first six months of 2011, despite being hit by the rising price of oil and the political crises in North Africa and the Middle East.
The group, which also includes bmi, reported a profit of 3m Euros during the period, compared with a loss of 171m Euros for the same period in 2010.
Sales were up by 11.4% from 12.6bn Euros to 14.1bn Euros during the half year.
Lufthansa board member Stephan Gemkow said: “Lufthansa remains among the profitable airlines in the world even after strong headwinds. All our business segments are continuing to work hard to extend the gap to our competitors.”
Bmi and Austrian Airlines, also owned by the group, were worst affected by the events in north Africa and the tsunami in Japan.
Jeremy Skidmore
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.
































Airbnb eyes a loyalty program but details remain under wraps
Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026