Lufthansa beats 2007 profit target
The Lufthansa Group said today its preliminary figures show that it exceeded its profit target for 2007 by posting an operating result of 1.38 billion euros ($2 billion), up 63.1 percent compared to 845 million euros in the previous year.
The German company’s net profit for last year more than doubled to 1.65 billion euros ($2.4 billion) from 803 million euros in 2006. The net gain was attributed to “positive business development and income from portfolio management.”
Revenue for 2007 increased 13 percent to 22.4 billion euros ($33 billion) from 19.8 billion euros.
Lufthansa will publish more detailed financial information March 12.
Lufthansa beats 2007 profit target
