Deutsche Lufthansa AG — Earnings Release 2003

Apr 8, 2003

News Details

Ad-hoc | 8 April 2003 19:04

Deutsche Lufthansa AG english

Lufthansa anticipates unforeseen high first-quarter loss 2003 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Lufthansa anticipates unforeseen high first-quarter loss 2003 On the basis of provisional analyses, Lufthansa Group is anticipating an unexpectedly high operating loss in the first quarter. This negative development is principally due to a deep dip in demand, notably in passenger business. The continuing weak economic environment, especially in Germany, the impact of the Iraq war and the unforeseeable consequences of the SARS respiratory disease are exacting a sustained toll on business developments. In order to contain the economic effects of the crisis, the Lufthansa Executive Board has today initiated further measures to reduce staff costs alongside adjustments to flight schedules. Deutsche Lufthansa AG Investor Relations Ulrike Schlosser, Tel: +49 69 696 – 90997, Fax +49 69 696 – 90990, e-mail: investor.relations@dlh.de April 8, 2003 end of ad-hoc-announcement (c)DGAP 08.04.2003 ——————————————————————————– WKN: 823212; ISIN: DE0008232125; Index: DAX Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München und Stuttgart; Eurex 081904 Apr 03