Lufthansa Group reports 9-month net profit up 64.6%; intensifies cost-cutting measures

Lufthansa 747-400. By Rob Finlayson The Lufthansa Group has reported a nine-month net profit of €474 million ($613.2 million), up 64.6% from €288 million in the year-ago period. Revenue rose 6.1% to €22.8 billion. According to a LH statement, profits were hit particularly hard by record fuel prices...

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