Lufthansa Profit Fell 47 Percent In First Half Of 1996
Lufthansa announced a pre-tax profit of 100 million Deutschmarks for the first half of 1996, down 47% from DM189 million in the same period in 1995. "Our transport volumes and results fell well short of our expectations," said Chairman Jurgen Weber. Lufthansa blamed the losses on discounting by...
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