The Lufthansa Group reported 2013 annual net income of €313 million ($434.2 million), down 75% from a €1.22 billion profit in the year-ago period. Revenue fell 0.4% to €30 billion and operating profit was €697 million, down 16.9% year-over-year. Lufthansa outgoing chairman and CEO Christoph Franz said the results were “driven by the earnings performance in the passenger business, where all airlines rose significantly. This performance trend is sustainable. It is ...

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