Arab Today, arab today lufthansa returns to profit in first quarter despite crash strikes
Last Updated : GMT 00:21:40
Arab Today, arab today
Arab Today, arab today

Lufthansa returns to profit in first quarter despite crash, strikes

Arab Today, arab today

Arab Today, arab today Lufthansa returns to profit in first quarter despite crash, strikes

Germany's Lufthansa airline
Frankfurt - QNA

Germany's Lufthansa airline on Tuesday reported that it returned to profit in the first quarter despite the crash of a subsidiary's aircraft in the French Alps and six days of strikes by pilots, according to German press agency (DPA).

Net profit was 425 million euros (475 million dollars), compared with a loss of 252 million euros in the first quarter of 2014, the Cologne-based carrier said from its hub in Frankfurt.

Falling fuel prices helped put Lufthansa back in the black despite the March 24 crash of a Germanwings Airbus A320, which killed 150 people, and the strikes, which cost Lufthansa 42 million euros.

The effects of the ongoing labour dispute on Lufthansa's bottom line has rippled into the current quarter, dampening interest in bookings as customers fear further walkouts and costing Europe's biggest airline another 58 million euros, it said.

Fuel costs fell 14 per cent year-on-year to 1.3 billion euros in the first three months of the year. Also a help was a 503-million-euro gain made from Lufthansa's sale of stock in the US airline Jetblue.

Revenues rose 8 per cent to 6.97 billion euros, helped by a strong dollar.

Lufthansa still recorded an adjusted loss before earnings and taxes of 167 million euros, but the figure was down from 240 million euros a year earlier.

Despite the improved first quarter, Lufthansa warned it faces an increasing pension burden. Its pension obligations rose from the beginning of the year by 41.2 per cent to 10.2 billion euros, it said.

Pensions are at the heart of the labour dispute Lufthansa is having with its pilots.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lufthansa returns to profit in first quarter despite crash strikes Arab Today, arab today lufthansa returns to profit in first quarter despite crash strikes

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lufthansa returns to profit in first quarter despite crash strikes Arab Today, arab today lufthansa returns to profit in first quarter despite crash strikes

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday