Lufthansa Q2 profit falls on fuel costs, taxes
German airline Lufthansa is blaming high fuel costs and new taxes on air travel in Germany and Austria for a 24 percent decline in second quarter earnings.
Deutsche Lufthansa AG says Thursday that net earnings fell to ?229 million ($270 million) from ?301 million a year earlier. Revenue grew by 6 percent to ?7.9 billion and the number of passengers between April and June rose slightly to 27.5 million.
The Lufthansa group includes Austrian Airlines and Swiss. The Cologne-based company also holds stakes in Brussels Airlines and JetBlue of the United States.
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