iPhone | iPad
Android
Huawei
Well-known communication expert Maha Abouelenein on what it takes to thrive in the age of social media
KT APPDOWNLOAD
Lufthansa says will meet profit target despite fuel costs
FRANKFURT - The leading German airline Lufthansa said Wednesday that it expected to meet its operating profit target this year despite rising fuel prices.
Lufthansa board ‘confirms its outlook that the group's operating result for the full year 2008 will follow up on the previous year's record level,’ of 1.38 billion euros (2.1 billion dollars), it said ahead of a meeting with analysts and investors.
‘The current environment, particularly the high kerosene prices, does however represent a considerable challenge for the airline industry,’ it added in a statement.
Lufthansa estimated that fuel expenses for the full year would come to around 5.6 billion euros, but planned to offset that through ‘efficiency gains, cost savings as part of a package of measures which has already been initiated and fuel surcharges.’
‘Lufthansa remains confident that the demand for mobility will continue to increase and that despite fluctuations air traffic will carry on growing,’ the statement said.
The news boosted shares in Lufthansa, with early trading showing a gain of 1.18 percent to 14.62 euros in Frankfurt, while the Dax index of German blue-chips was up by 0.50 percent overall.
More news from
From cultural events, and culinary delights to outdoor adventures, here's a line-up of thrilling activities to make your weekend exciting
'The rom-com garnered $219 million worldwide after its premiere in December
The guitar will be auctioned on May 29 at the Hard Rock Cafe in New York
Fitness enthusiast Sarah Lindsay shares insights on what it takes to embark on a fitness journey and sustain it amidst a busy lifestyle
Such platforms help women to re-enter the workforce by equipping them with new-age skills, upskilling, polishing their interviewing skills and revamping their resumes
Official autism-friendly in-flight certification is in the works, possibly used by other airlines
Airlines cut more than half of their normal flight schedules at Paris's two main airports, with many flights in the southern city of Marseille also grounded
