Alexa

Lufthansa 2008 net profit falls 65 percent

Lufthansa 2008 net profit falls 65 percent

Deutsche Lufthansa AG, Germany's largest airline, reported Wednesday a 65 percent drop in net profit in 2008 as the economic slowdown and higher fuel prices ate into its bottom line and it lacked the large one-time gains booked in 2007.
The Cologne-based airline said it made a net profit for the year of