Lufthansa’s profit soars 106%
Deutsche Lufthansa AG Wednesday reported a profit after taxes of 1.66 billion euros ($2.4 billion) for 2007, more than double the 803 million euros profit posted in the previous year.
The German group’s earnings before profit and taxes (EBIT) climbed 39.1 percent to 1.81 billion euros ($2.7 billion) with revenue up 13 percent to 22.4 billion euros ($33 billion). Lufthansa’s revenue from logistics slipped 3.8 percent to 2.74 billion euros ($2.4 billion).
Lufthansa Cargo flew 1.8 million tons of freight and mail last year, up 2.6 percent, while its load factor went up by 1.1 points to 73.2 percent.
Lufthansa’s profit soars 106%
