Lufthansa profits slide amid restructuring


| Zoom

FRANKFURT, Germany (AP) - German airline Lufthansa says net profit for the first nine months of the year fell 65 percent, to 247 million euros ($340 million) from 697 million euros in the same period a year ago.

The company said restructuring costs and one-time effects played a role in the profit decline. It said Thursday it was making progress in controlling costs and that its passenger business _ which includes Lufthansa, local carrier Germanwings, Swiss, and Austrian Airlines _ improved their contributions to earnings.

It said a key measure of costs, the so-called costs per available seat kilometer, fell by 1.2 percent for the period.

Total revenue was 0.2 percent below the year earlier period, at 22.76 billion euros.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Top Stories

  • Pot Blowback
    While people may have supported I-502, they're getting tired of marijuana in their face

  • Beast is Back
    Marshawn Lynch strolled into the VMAC Thursday afternoon, ending a seven-day holdout

  • Blue Friday
    The Blues are back, and we've got some great places to catch their show
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.
comments powered by Disqus
Sign up for breaking news e-mail alerts from MyNorthwest.com
In the community
Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.