Deutsche Lufthansa AG — Earnings Release 2003

Feb 19, 2003

News Details

Ad-hoc | 19 February 2003 17:26

Deutsche Lufthansa AG english

Lufthansa decides on measures to secure its result Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Lufthansa decides on measures to secure its result As a consequence of the deteriorating economic situation, Lufthansa’s Executive Board today decided on further far-reaching measures aimed at securing the result. They include a capacity reduction by another ten aircraft in German and European traffic, cuts in investments amounting to 200 million Euro as well as an immediate hiring freeze throughout the Group. Before the end of this year, it is planned to create an additional cash-flow of around 100 million Euro with a supplementary D check initiative “Cash 100”. In the next few weeks, a total of 31 aircraft of Lufthansa AG and 15 others operated by Lufthansa CityLine and the regional partners will be taken out of service. Deutsche Lufthansa AG, Investor Relations Ulrike Schlosser, Tel +49 69 696 6470 or 90997, Fax +49 69 696 90990 E-mail: investor.relations@dlh.de February 19, 2003 end of ad-hoc-announcement (c)DGAP 19.02.2003 ——————————————————————————– WKN: 823212; ISIN: DE0008232125; Index: DAX Listed: Amtlicher Markt in Berlin, Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München und Stuttgart; Eurex 191726 Feb 03