Lufthansa Nets &#36;211M Profit in 9 Months
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Lufthansa AG made a net profit of 164 million euros (&#36;211 million) in the first nine months of 2004, reversing a loss of 409 million euros the year before on growth in the number of international passengers, the company said Wednesday.
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British Airways reported Friday a 22.4-percent increase in net profit over the first nine months of its financial year to 623 million pounds (1.2 billion dollars, 830 million euros).
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German airline Lufthansa said Thursday it earned 125 million euros (&#36;155 million) in the third quarter, more than making up losses from a year ago as stronger demand for air travel and freight transport helped it stay ahead of rising oil prices.
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German carrier Lufthansa said it had agreed to pay 85 million dollars (67 million euros) to settle class action suits in the United States connected with allegations of price-fixing in the global air-cargo industry.
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IBM , the world&#39;s largest  technology services company, on Wednesday posted a higher  quarterly profit as revenue rose 9 percent, helped by  software-company acquisitions and growth in computer services.
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Annual Passenger Traffic Exceeds 51.1 Million for the First Time - Airfreight Volume Soars FRANKFURT AM MAIN, Germany, Jan.
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NEW YORK, Dec. 13 -- Germany's biggest airline, Deutsche Lufthansa, said Thursday that it would pay $300 million for a 19 percent stake in JetBlue Airways, whose stock has lost about two-thirds of its value since an operational crisis last Valentine's Day.
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British Airways said Monday that second quarter operating profits rose 23 percent on tighter costs and higher passenger numbers as long-haul travel recovers.
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British Airways reports 35% growth in nine-month profits, despite rising fuel costs and a consumer slowdown.
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Air France KLM on Thursday reported second quarter operating earnings up 7.8 percent to 568 million euros ($731 million) and hiked its merger synergy targets as it remained confident on full-year earnings.
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The airline reported profit of $241 on double-digit passenger revenue growth in every segment of its business except for domestic flights.
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The discount carrier posted quarterly net income of $162 million on strong demand.
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The Redmond, Wash.-based company said it earned $2.9 billion, or 27 cents per share, on revenue of $9.19 billion for the three months ended Sept.
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German airline Lufthansa posted a euro125 million (US$155 million) net profit in the third quarter, more than making up losses from a year ago thanks to stronger demand for air travel, the company said Thursday.
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Air France KLM on Thursday reported  second quarter operating earnings up 7.8 percent to 568 million  euros ($731 million) and hiked its merger synergy targets as it  remained confident on full-year earnings.
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German airline Lufthansa posted a 125 million euro ($155 million) net profit in the third quarter, more than making up losses from a year ago thanks to stronger demand for air travel, the company said Thursday.
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Troubled airline Swiss International makes a profit in its third quarter, the first since its creation two years ago.