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LH Raises Profit Forecast To A 44% Increase

Fri Jan 20, 2006 4:11 am

Lufthansa has returned to profit after huge losses in 2003
German airline Lufthansa has said it expects its profit for 2005 to rise by 44%, helped by record passenger traffic of 51.3 million passengers last year.
It hopes to post an operating profit of about 550m euros ($660m; £378m), up from 383m euros in 2004.


Seems like in the days of fuel prices, airlines going bankrupt/into Chapter 11, there are still airlines that can make quite a large (operating) profit!
And this in the year they aquired Swiss.

And unless of course their year ends 31st March (end of tax year - when they might post it?) it seems like another large company isn't posting their results until a few weeks after the new year started....
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Joined: Sat Nov 02, 2002 9:04 am

RE: LH Raises Profit Forecast To A 44% Increase

Fri Jan 20, 2006 4:17 am

just imagine, if they didn't have those "lousy, inefficient" A343s and A346s, they would have probably doubled their profit by using the other manufacturers product according to some people here at a.net! Smile
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RE: LH Raises Profit Forecast To A 44% Increase

Fri Jan 20, 2006 9:02 am

I suspect this was not all due to the slight increase in total passenger numbers in 2005 but rather its "King Class" in other words F class which in the first 6 months increased bookings by 20, yes 20%.

Cheers, Konstantin G.

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