Lufthansa significantly boosts revenue, makes operating profit

Lufthansa returned to profitability in the second quarter, reporting that its revenue had more than doubled compared with the year before. Group revenue was around E8.5b in the quarter, compared with E3.2b the same period last year, according to preliminary figures released Friday. "The Group benefited from a continuously strong performance at Lufthansa Cargo," the airline said. Adjusted cash flow was reported at around 2 billion euros, boosted by strong demand for bookings and operating profit, it said, adding that net debt is expected to have fallen by a similar amount in the second quarter. Adjusted earnings (EBIT) were between E350 and 400m, compared with a loss of E827m a year earlier, Lufthansa said.<br/>