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Company Watch - Lufthansa.

For more company news, data and analysis, please go to: Jul 31, 2006

Lufthansa reverses first-half fortunes with strong second quarter. Lufthansa released preliminary financial results for first-half 2006 that showed a profit of [euro]85 million ($107.3 million) compared to [euro]0.2 million in net earnings for the same period in 2005.Operating profit increased 17.4% to [euro]297 million from [euro]253 million, while revenues climbed 12.9% to [euro]9.6 billion. LH said the addition of the stakes acquired in Swiss International Air Lines and the Eurowings companies should be taken into account when making year-over-year comparisons. The company will release complete data Friday. LH lost [euro]98 million in the first quarter, suggesting that its second-quarter profit came to [euro]183 million on revenues of [euro]5.15 billion. It earned [euro]116 million in the second quarter of 2005. Bloomberg News reported that 14 analysts surveyed by the organization forecast first-half profits of [euro]95 million. Jul 27, 2006

Lufthansa will launch thrice-weekly Frankfurt-Kolkata service from Dec. 1 aboard an A340-300. It is the carrier's sixth Indian destination. Jul 27, 2006

Lufthansa will start a daily Munich-Sao Paolo service on Sept. 13 using A340-300s. Jul 26, 2006

Lufthansa opened the Lufthansa Aviation Center at Frankfurt International Airport. The facility will house offices for 1,800 employees and features 36 meeting rooms and seven conference rooms. Jul 26, 2006

Lufthansa Systems will implement e-ticketing at Cirrus Airlines. It also signed a five-year deal with Asiana Airlines to implement its Sirax revenue management system. Jul 25, 2006
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Title Annotation:financial report
Publication:Airguide Online
Article Type:Brief article
Geographic Code:4EUGE
Date:Jul 31, 2006
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