Air Transport World

Lufthansa Group:

Although dethroned by Air France-KLM Group as the industry's largest airline company in terms of revenues, Lufthansa Group has plenty of reason to feel good about its performance last year. Annual profits rose 12% to [euro]453 million ($547 million) on a 7% lift in sales to [euro]18.07 billion as it overcame the effect of soaring fuel prices that added [euro]843 million to expenses. Additionally, subsidiaries Thomas Cook (which operates Condor) and LSG returned to profit. Shareholders also are probably smiling, as LH returned half its earnings to them in the form of a 50 euro cent per share dividend. Group operating profit jumped 51% to [euro]383 million. The group had a first-quarter 2006 loss of [euro]98 million, narrowed from [euro]116 million in 2005 and "in line with expectations. …

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