Lufthansa Chalks Up More Than 1 Billion euros in Operating Profit

The Lufthansa Group increased operating profit in the first nine months of the year by 57 percent to 1.1 billion euros. Neither the high oil price, nor the turmoil on the international financial markets during the past months and the hard-fought competition have had any negative impact on the business of the Lufthansa Group.

The success in the third quarter was again marked by positive results in all of the business segments. The business segments continue to implement the Group’s strategy with a clear orientation towards profitability and the respective core competences.

In the Group’s key business segment, Passenger Airlines, SWISS has been fully consolidated in the Group accounts as of July this year and like the Lufthansa passenger airlines, the Swiss airline is poised for growth. The Group’s airlines have ordered some 170 new aircraft valued at a list price of around 14 billion euros.

During the first nine months of 2007, the Lufthansa Group generated revenues totaling 16.4 euros billion, a year-on-year increase of 9.3 percent. During this period, traffic revenue rose to 12.7 billion euros, which was equivalent to a rise of 9.8 percent.