30-Apr-2010 11:36 AM

Lufthansa looking to return to profit, pay dividend in 2010

Lufthansa CEO, Wolfgang Mayrhuber, stated cargo and passenger demand is returning and the carrier is aiming to increase its group operating profit above the EUR130 million it reported in 2009 (Reuters, 29-Apr-2010). It also aims for a profit for its cargo division. The carrier expects to be able to resume paying full-year dividends, given the cost savings it has implemented in 2010. Lufthansa did not pay a dividend in 2009, after the carrier reported an EUR148 million loss.