Low Fuel Costs Boost Lufthansa 2015 Profit

German airline group Lufthansa has posted a net profit of €1.7bn ($1.9bn) for 2015, an increase from the previous year’s €55m ($62m), citing reduced fuel costs as a factor in the rise.

German airline group Lufthansa has posted a net profit of €1.7bn ($1.9bn) for 2015, an increase from the previous year’s €55m ($62m), citing reduced fuel costs as a factor in the rise.

Revenues at Lufthansa also climbed 6.8 per cent year-on-year to €32.1bn ($36.1bn).

The profit increase comes after a year when a series of pilot strikes cost the airline €231m ($260m) in lost earnings and the Germanwings A320 crash, which resulted in the death of 144 passengers and six crew.

For 2016, Lufthansa predicts fuel costs across the business will be €4.8bn ($5.4bn), around €1bn ($1.1bn) less than 2015’s figure.

 

 

TAGS: Europe
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