Lufthansa's Pre-Tax Profits Drop 9 Percent To DM686 Million
Lufthansa Group pre-tax profits for 1996 fell 9.3% to 686 million Deutschmarks (US$398 million), down from DM756 million in 1995, as the airline said it faced "difficult operating conditions" last year. The company's costs skyrocketed by DM680 million ($394 million) because of higher fuel prices...
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