Lufthansa Group concluded a volatile 2008 with a €599 million ($759.8 million) net profit, down 63.8% from the hefty €1.66 billion earned in 2007, and admitted that it expects declines in passenger numbers, revenue and operating profit this year. While the company said that "there is the potential for a stabilization of revenue and earnings" in 2010 "in the event of an economic recovery," it nevertheless is "observing current developments carefully" and will implement a number of ...

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