Lufthansa Reports 876 Million Euro Operating Profit in 2010

Lufthansa Reports 876 Million Euro Operating Profit in 2010

Lufthansa Group closed the 2010 financial year with revenue of 27.3 billion euros, compared to 22.3 billion euros in 2009, according to preliminary figures. Despite adverse one-off factors, the airline group’s operating profit came to 876 million euros, compared to 130 million euros in 2009. Net profit attributable to shareholders of Deutsche Lufthansa AG amounted to 1.1 billion euros, compared to a loss of 34 million euros in 2009.

This includes a positive non-recurring tax effect of around 400 million euros. On the basis of these results and in continuation of the dividend policy, Lufthansa’s executive board proposed a dividend payment of 0.60 euro per share for the financial year 2010. The full annual report for 2010 will be published on March 17, 2011.