Lufthansa restores dividend after 2015 profit jumps
[FRANKFURT] German airline group Lufthansa restored dividend payments after operating profit jumped 55 percent in 2015 thanks to low fuel prices and a busy year for travel demand, it said on Thursday.
The airline reported 2015 adjusted earnings before interest and tax of 1.82 billion euros (S$2.78 billion), in line with its forecast and against the average analyst expectation in a Reuters poll for 1.84 billion euros.
Lufthansa said it expected to increase profits slightly in 2016 and would lower its unit costs to combat declining yields.
It proposed a dividend payment of 0.50 euros per share.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
AirAsia discloses new listing plans under RM6.8 billion units merger
Baltimore’s trapped ships start leaving as new channel opens
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada