Belfast Telegraph

Lufthansa reports best ever results

By Ellie Donnelly

Shares in Lufthansa Group, Germany's largest airline, were up over 3% yesterday after the company reported earnings before interest and tax of €3.3bn (£2.9bn) for 2017.

This represents a 45% increase on its 2016 performance and the company's best results in its history.

The increase in earnings included the positive €582m (£514m) one-off effect from a collective labour agreement with the pilots' union of Lufthansa, Lufthansa Cargo and Germanwings, which was recognised in the income statement in December, the company said.

Revenue increased by 12.4% year-on-year to €35.6bn (£31.4bn).

The company cited the strong performance of the group's airlines as a whole, according to financial statements released by Lufthansa.

During the year the group invested approximately €3bn (£2.6bn), around a third more than in the previous year.

Belfast Telegraph

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