Lufthansa achieves record results after Air Berlin bankruptcy

Germany's Lufthansa pledges 600 new jobs after summer of delays

German airline Lufthansa has achieved its best results ever following the bankruptcy of smaller rival Air Berlin last year.

Operating profit increased by 70 per cent year on year in 2017 to 3 billion euros (3.7 billion dollars), the company said on Thursday in Frankfurt.

Chief executive Carsten Spohr forecast a slight decrease in profit for 2018.

Net profits rose by one third over the year to 2.4 billion euros. An agreement with pilots over the company pension plan had a positive effect on the net results.

Shareholders will receive a dividend of 80 cents per share, a increase of 60 per cent on last year. The dividend is expected to remain at the same level in 2018.

The group’s passenger airlines contributed to the positive results, especially Lufthansa, Swiss, Austrian Airlines and Eurowings, but also the freight subsidiary Lufthansa Cargo.

Lufthansa’s sales grew by 12 per cent over the year to 35.6 billion euros.

Click on the Next Button to Continue Reading
Oil and Gas Republic, an international publication covering Renewable Energy, Power & Electricity, Mining, Aviation, Oil & Gas Industry. For editorial inquiries, please email us at:

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.