Lufthansa

Lufthansa posts record 2007 results

airliners.net

FRANKFURT — The German airline Lufthansa posted strong increases in 2007 results as expected on Wednesday, with provisional figures showing a record year for the group.

Operating profit leapt by 63 percent to 1.378 billion euros (2.0 billion dollars), slightly exceeding the airline's target, it said in a statement.

Net profit more than doubled to 1.6 billion euros owing to positive development of the airline's activities and "gains realised from portfolio management operations," the statement said.

Lufthansa sold its stake in the tourism group Thomas Cook last year for a gain of 503 million euros, according to previously released figures.

Meanwhile the airline's sales increased by 13 percent to 22.4 billion dollars.

The board would propose increasing the share dividend to 1.25 euros per share from 0.70 euros in 2006, the statement said.

Lufthansa is to present final figures on March 12.

afp.google.com

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