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Deutsche Lufthansa AG — Earnings Release 2009
Jun 19, 2009
109_rns_2009-06-19_209d8014-29ca-449b-ae1d-b71ecf8a202b.html
Earnings Release
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News Details
Ad-hoc | 19 June 2009 17:56
Deutsche Lufthansa AG: Lufthansa enforces measures to secure operating profit
Deutsche Lufthansa AG / Change in Forecast
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Lufthansa enforces measures to secure operating profit
In light of persistently weak demand development in passenger and freight
business, structural changes in passengers' travel behaviour and rising
fuel prices, Lufthansa enforces its measures to safeguard earnings. A
positive operating result requires additional cost savings.
Falling revenue due to lower volumes and prices continued across the sector
in the second quarter of this year. At the same time, the fuel price has
gone up again by some 50 per cent since the end of the first quarter,
without being based on any improvement in demand from the real economy.
From a current perspective, a continuation of these developments would
jeopardise the targeted operating profit.
In addition to the steps already being undertaken throughout the Group to
cut costs and capacity all business segments will take further actions to
safeguard earnings. The goal is to avert an operating loss in the current
financial year and to sustainably increase the earnings power in the
following years.
Deutsche Lufthansa AG
Frank Hülsmann
Phone: +49 (0) 69-696-28001
Fax.: +49 (0) 69 696 90990
[email protected]
19.06.2009 Financial News transmitted by DGAP
Language: English
Issuer: Deutsche Lufthansa AG
Von-Gablenz-Str. 2-6
50679 Köln
Deutschland
Phone: +49 (0)69 696 28002
Fax: +49 (0)69 696 90990
E-mail: [email protected]
Internet: www.lufthansa.com/investor-relations
ISIN: DE0008232125, DE0008232125
WKN: 823212
Indices: DAX
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
Hannover, Düsseldorf, Hamburg, München, Stuttgart;
Terminbörse EUREX
End of News DGAP News-Service