23 FEBRUARY 2015
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Lufthansa says it will not pay a dividend for 2014, conserving cash for restructuring, after its net result was hit by the sale of an IT unit, an increase in pension liabilities and losses from fuel-hedging activities.
It noted pilot strikes in November and December had cost it an additional €62m, taking the total amount of operating profit lost to strikes over the course of last year to €232m.
Simone Menne, Chief Financial Officer, Deutsche Lufthansa AG
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