Lufthansa Group generated revenue of EUR 30.1 billion in 2012 ($40.2 billion) (previous year: EUR 28.7 billion). Net profit for the period rose to EUR 990 million ($1.3 billion) (previous year: EUR -13 million), largely due to non-recurring effects from the sale of equity investments. The operating profit came to EUR 524 million (previous year: EUR 820 million). This includes restructuring costs of EUR 160 million for the Group-wide SCORE program. The partial transfer of Austrian Airlines’ flight operations to Tyrolean Airways had a one-time positive effect of EUR 115 million on the operating result.

The Executive Board is proposing to the Supervisory Board to suspend the dividend payment. Net profit is to be fully retained.

The Executive Board plans to close sites and to merge administrative functions.

The Executive Board is proposing to the Supervisory Board to order eight long-haul aircraft and 100 short- and medium-haul aircraft, with a total volume of around EUR 9 billion. Deliveries are scheduled for the period 2015 to 2025.

Copyright Photo: Michael B. Ing. Boeing 747-830 D-ABYC (msn 37828) climbs away from Los Angeles INternational Airport.

Lufthansa: