Lufthansa Group (Frankfurt), despite the on-going pilot strikes at Lufthansa (Frankfurt), remains confident its can maintain its profitability of 1 billion euro for the year. The Group today issued this report:
The Lufthansa Group remains confident of achieving its profit targets for 2014 – despite experiencing a difficult third quarter, and despite strike action eroding EUR 170 million from its earnings results. The Group expects to post an operating profit of around EUR 1 billion for the year, excluding the impact of any further strike action between now and year-end. The projection has been strengthened by favorable results for the first nine months: the Lufthansa Group achieved an operating profit of around EUR 849 million for January-to-September 2014, a EUR 186 million improvement on the same period last year. Adjusted for non-recurring restructuring and project costs, this represents an operating profit of some EUR 1 billion for the first-nine-month period. Third-quarter operating profit amounted to EUR 735 million, up EUR 145 million on the prior-year period.
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Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 747-830 D-ABYO (msn 37841) with Fanhansa titles departs from Los Angeles International Airport.