Lufthansa Raises Operating Profit to Nearly 1.4 Billion euros

The Lufthansa Group’s revenue totaled 22.4 billion euros at the end of the financial year 2007 according to the preliminary figures. The operating result of 1.4 billion euros exceeded the profit target.

“The positive business development and income from portfolio management also made their mark on the net profit for the period of 1.6 billion euros,” stated the company. “In continuation of the Group’s dividend policy and in view of the sound operating performance, the Executive Board proposes to the Supervisory Board to submit a dividend proposal of 1.25 euros per share for the previous financial year to the Annual General Meeting, an increase of 0.55 euros.”

The company is scheduled to release its full financial report on March 12 after the meeting of its supervisory board, the U.S. equivalent to a board of directors, on March 10.