Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

World

Lufthansa returns to profit in 2010

FRANKFURT, Mar 9 – Leading German airline, Lufthansa, said Wednesday that it made a net profit of 1.1 billion euros ($1.5 billion) in 2010, compared with a net loss of 34 million euros in 2009.

The group recorded an operating profit of 876 million euros, more than six times the 2009 figure of 130 million euros, on sales that climbed to 27.3 billion euros from 22.3 billion euros, a statement said.

Lufthansa, which also owns the carriers Swiss, Austrian Airlines and BMI, said it benefitted last year from an exceptional tax gain worth around 400 million euros.

"On the basis of this gratifying result," Lufthansa directors will propose a dividend of 0.60 euros per share, the statement said.

Full details of the group\’s results are to be published on March 17.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...