Lufthansa reports Q2 profit of $252 mn | business | Hindustan Times
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Lufthansa reports Q2 profit of $252 mn

business Updated: Jul 29, 2010 12:31 IST
Deutsche Lufthansa

Airline group Deutsche Lufthansa AG says it made a net profit of euro194 million ($252 million) in the second quarter, more than twice last year's euro89 million, as ticket sales recovered.

The German company said on Thursday that revenue in the April June period rose to euro6.9 billion from euro5.2 billion in 2009. It said the quarterly operating profit reached euro159 million triple last year's euro52 million.

Still, because of a weaker first quarter, the airline's made a net loss of euro104 million ($135 million) in the January June period due to factors including a strike by pilots and airspace closures caused by ash from an Icelandic volcano.

The Lufthansa group also includes Swiss International Airlines, Austrian Airlines and Britain's BMI.