Lufthansa will not pay a dividend for 2014 after its full-year earnings were affected by the sale of the IT Infrastructure segment, an increase in pension liabilities and losses from fuel-hedging activities. In addition, Lufthansa said pilot strikes in 2014 cost the company €232 million ($264.4 million); in November and December alone the strike actions cost €62 million. Lufthansa reported a 2014 after-tax loss of €732 million, reversed from a profit of €407 in 2013. ...

Subscribe to Access this Entire Article

"Lufthansa strikes cost $264.4 million, no dividend for 2014" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.