Thomas Cook sale boosts Lufthansa profits

26th Jul 2007

In the first half-year 2007 the Lufthansa Group has achieved revenue of EUR 10.1bn
(previous year: EUR 9.6bn) and increased the operating result by 64% to EUR 486m.Net profit for the period reached EUR 992m (previous year: EUR 85m), also a record
high. In addition to excellent performance in the operating business, the profit
contribution from Swiss International Airlines Ltd. attributable to Lufthansa (49%)
of EUR 88m and book gains on the disposal of the 50% stake in Thomas Cook AG (EUR
503m) and on a share buy-back by WAM Acquisition S.A. (EUR 71m) all contributed to
this very gratifying result. The Executive Board is raising its profit forecast and
now anticipates an operating result for the full year - in line with market
expectations - significantly above EUR 1bn. This includes the operating result of
SWISS for the second half-year, which is also developing better than previously

Commenting on the first half-year results, Lufthansa Chairman and CEO Wolfgang
Mayrhuber said: “The result underlines the success of our strategy to continually
and selectively invest in products, to place customer orientation at the fore and to
keep an eye on the costs. The quality and distinct service orientation of our staff
has enabled us to win over a record number of customers in a first half year.”


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