Lufthansa's Pre-Tax Profits Soar, Debt Falls To Zero
Lufthansa Group posted a record fiscal 1997 pre-tax profit of 1.65 billion Deutschmarks (US$920 million), up 140% over the previous year, as the company wiped out all remaining debt. Net profits rose 49.6% to a record DM835 million ($465 million), while revenue grew 11% to DM23.1 billion ($12.9...
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