Lufthansa makes loss

LUFTHANSA made a €112m net loss for 2009, although it did publish  an actual €130m operating profit.  It will not be paying a dividend.  In 2008 the overall profit was a whopping €542m.  However the results did include the takeover of both Austrian Airlines and bmi, long term goals that could have reached fruition at a better time.  Lufthansa’s problems have continued into this year with a one day pilot strike and further industrial action still possible.  Revenues in 2009 tumbled by 10% to €22.3bn. www.lufthansa.com

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