Lufthansa optimistic about its 2010 profit target
Noting a marked turnaround that after months of sluggish demand, Lufthansa is optimistic about his chances to reach its profit target by 2010.
"Despite the first negative quarter and the closure of airspace early April, the developments in recent months has reinforced expectations of a higher operating profit in 2010 than last year," reads a statement released Monday by the airline before a meeting with investors.
In May, Lufthansa had already confirmed its 2010 target of a higher operating profit to 130 million euros generated in 2009.
The company also revised up slightly its forecast for the fuel bill this year, seeing now to 5.3 billion euros against 5.2 billion previously.
About 10:40 GMT, Lufthansa advanced 1.10% to 11.91 euro, making a little more than the index values involving the airline and travel industries (0.57%).