30-Jul-2009 1:50 PM
Air France-KLM, British Airways and Austrian higher, Lufthansa flat after weak earnings report
Analysis
Lufthansa's shares closed virtually flat yesterday (+0.2%) as the carrier's preliminary 1H2009 financial results failed to engender investor confidence, despite the Group's efforts directed at "generating an operating profit for the full year 2009". Lufthansa reported an operating profit of EUR8 million for the three months ended 30-Jun-09, down 98.8% year-on-year and a net loss of EUR216 million (compared to a profit of EUR381 million in the previous corresponding period).
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