Lufthansa will report a €554 million ($752.5 million) net profit for the first quarter of 2007 when it releases its full financial results today. LH suffered a €98 million loss in the year-ago period (ATWOnline, May 12, 2006). The tremendous turnaround is due largely to a €499 million gain from the sale of its 50% stake in Thomas Cook AG (ATWOnline, March 29), along with a €36 million profit at Swiss International Air Lines. The company's first-quarter revenue rose ...

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