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Article: Lufthansa Group posts operating profit of 226 million euros for the first nine months of the year
- Article from:
- Al Bawaba
- Article date:
- November 11, 2009
CopyrightCopyright 2009 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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Deutsche Lufthansa AG has posted an operating profit of 226
million euros for the first nine months of 2009. For the first time,
this figure also includes the results of Austrian Airlines and bmi,
who contributed a total of 28 million euros. The Group's financial
result therefore remained significantly below the previous year's
figure at the close of the third quarter. The reasons for the
decline in the result lay essentially in the weaker demand due to
the state of the economy and the disproportionate decline of average
yields in the passenger business segment. The crisis-related slump
in the number of business travellers has led to increased price
sensitivity in all booking classes. ...