Air Transport World

Lufthansa Group.(Europe report)(Brief Article)

Lufthansa Group posted a net profit of 62 million [pounds sterling] ($73.7 million) in the first quarter ended March 31 compared to a 356 million [euro] net loss in the prior-year period. Current-period results benefited from a 292 million [euro] book profit from the sale of its 13.2% holding in Amadeus Global Travel Distribution. Total revenue for the group increased 5.2% to 3.89 billion [euro] as traffic revenue climbed 5.2% owing to network optimization and improving passenger yields. EBIT totaled 139 million [euro] versus negative EBIT of 414 million [euro] in 2003. …

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