The Lufthansa Group increased its revenue by 4.9 per cent to EUR 30.1 billion in the 2012 financial year, Lufthansa airline management, a subsidiary of the group said in a statement released in Lagos.
According to the airline, ‘at EUR524m, the Group’s operating result was down 36.1 per cent on the figure for the previous year, the net result for the period went up from EUR 13m in the previous year to EUR 990m, primarily as a result of non-recurring effects from the disposal of shares in Amadeus IT Holding, and the sale of the loss-making British Midland Ltd.
“With our Synergies, Costs, Organisation, Revenue and Execution (SCORE) programme, we have launched a comprehensive, if not one of the largest, process of change ever seen in the history of Lufthansa. In addition to measures concerning costs and income, we have set up a number of major strategic projects, such as the new Germanwings, the turnaround of Austrian Airlines and the pooling of administrative activities in the areas of HR, purchasing and finance,” said Christoph Franz, Chairman of the Executive Board and Chief Executive Officer of Deutsche Lufthansa AG during the presentation of the earnings figures for the 2012 financial year in Frankfurt.
He added that with SCORE, the airline is creating the financial basis for its extensive investment plans, adding ‘we will make Lufthansa strong. We want to expand our position as Europe’s leading aviation group and considerably boost our profitability in every business segment.”