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