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AUG 13, 2003 (newstodate): Lufthansa Lufthansa posted an operating profit of 65 million euros in the second quarter of 2003, the company says in a release.
In his comments on the achievement, Lufthansa's Chairman and CEO Wolfgang Mayrhuber is clear on his receipe for succes: The key requirements at the moment are clear and prudent judgement, a correct assessment of the markets and professional risk provisioning. Ongoing strict cost discipline is required for all corporate units.
The current booking figures indicate that no marked improvement can be expected in the second half of the year. Despite the capacity adjustments and cost-curbing measures, Lufthansa does not anticipate a positive operating result for 2003 as a whole.
In his comments on the achievement, Lufthansa's Chairman and CEO Wolfgang Mayrhuber is clear on his receipe for succes: The key requirements at the moment are clear and prudent judgement, a correct assessment of the markets and professional risk provisioning. Ongoing strict cost discipline is required for all corporate units.
The current booking figures indicate that no marked improvement can be expected in the second half of the year. Despite the capacity adjustments and cost-curbing measures, Lufthansa does not anticipate a positive operating result for 2003 as a whole.