Deutsche Lufthansa AG — Earnings Release 2001

Jun 13, 2001

News Details

Ad-hoc | 13 June 2001 08:01

Deutsche Lufthansa AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Lufthansa lowers result forecast Following the conclusion of the wage dispute with the pilots’ union, Vereinigung Cockpit, the Executive Board of Deutsche Lufthansa AG has revised its profits forecast (operating result) of EURO1.0 billion for 2001. This is triggered by additional staff costs of EURO125 million as a result of the arbitrator’s recommended pay settlement. Added to this are costs of about EURO75 million resulting from the preceding industrial action. Further factors which are likely to depress the result by EURO50 – EURO100 million are the downturn in the world economy and the air traffic restrictions on our operations caused by the lack of infrastructure. From today’s point of view Lufthansa therefore anticipates that it will post an operating result of EURO700 – EURO750 million in 2001. Deutsche Lufthansa AG Investor Relations Stephan Gemkow, Telefon +49 (0)69 696 – 90997, Fax ++49 (0)69 696 – 90990, e-mail: investor.relations@dlh.de end of ad hoc announcement (c) DGAP 13.06.2001 ——————————————————————————– WKN: 823212; Index: DAX Listed: amtlich in Berlin, Bremen, Düsseldorf, Frankfurt/Main, Hamburg, Hannover, München und Stuttgart 130801 Jun 01