Lufthansa cau­tious de­spite 2016 boost

New Straits Times - - Business | World -

FRANK­FURT: Lufthansa said yesterday it had met its fi­nan­cial tar­gets, but of­fered only mod­est fore­casts for the cur­rent year, squeezed be­tween fall­ing prices and higher costs. The Frank­furt-based firm re­ported net profit of €1.78 bil­lion (RM8.43 bil­lion) for last year, a 4.6 per cent in­crease on 2015’s fig­ure, in line with ex­pec­ta­tions. “In a very de­mand­ing mar­ket en­vi­ron­ment, we suc­cess­fully kept the group’s mar­gins at their record prior-year lev­els,” said chief ex­ec­u­tive Carsten Spohr.

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