SInGAPORE_AIR
Posts: 11619
Joined: Mon Nov 13, 2000 4:06 am

Lufthansa Announces Q3 Operating Profit Of US$230M

Wed Nov 12, 2003 7:48 am

Deutsche Lufthansa AG - a Member of Star Alliance - has announced an operating profit of €200 million / US$229.79 million - below the market expectation of an operating profit of €275 million / US$315 947 500. It also reported a nine month operating loss of €154 million / US$176 930 600.

Net loss for the first nine months of 2003 came at €409 million / US$469 900 100 while the pre-tax loss was €366 million / US$420 497 400.

"Lufthansa Chief Executive Wolfgang Mayrhuber is expected to give details on a plan to cut costs in European traffic on Wednesday, when he will also be grilled on plans for tourism firm Thomas Cook AG, which Lufthansa owns with KarstadtQuelle (KARG)."

More information at the IWon / Reuters website

Information was gathered from the above hyperlinked webpage. Further information can be viewed by clicking the above hyperlinked webpage. Currency conversion from €uropean €uros to U.S.A. Dollars courtesy of the Singaporeair.com Currency Converter
Anyone can fly, only the best Soar.
 
LHR001
Posts: 966
Joined: Mon Oct 27, 2003 1:56 am

RE: Lufthansa Announces Q3 Operating Profit Of US$230M

Wed Nov 12, 2003 7:50 am

If you bought every airline available you would make a profit as well!
 
fraT
Posts: 1007
Joined: Wed Oct 01, 2003 4:32 am

RE: Lufthansa Announces Q3 Operating Profit Of US$230M

Wed Nov 12, 2003 7:53 am

Which Airline are you referring to????

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