Lufthansa Group profits decline as revenue falls 10%, may not pay dividend in 2009

Lufthansa Group reports (02-Mar-2010) the following preliminary financial highlights for the 12 months ended 31-Dec-2009:

• Revenue: EUR22,300 million, -10% year-on-year;
• Operating profit: EUR130 million, compared to a profit of EUR1,300 million in the previous corresponding period;
• Net profit (loss): (EUR112 million), compared to a profit of EUR542 million in the previous corresponding period.

Lufthansa added its Executive Board will propose not to distribute a dividend as a result of the net loss. The carrier is scheduled to release its full financial results for the period on 11-Mar-2010.