Pursuits
Lufthansa Quarterly Profit Beats Estimates on Cost Cuts
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Deutsche Lufthansa AG said second-quarter profit jumped almost 28 percent, beating estimates, as Europe’s second-biggest airline scrapped its weakest routes and introduced a 1.5 billion-euro ($1.8 billion) efficiency program.
Operating profit rose to 361 million euros from 283 million euros a year earlier, Cologne, Germany-based Lufthansa said in a statement today. Analysts had anticipated a 226 million-euro profit, based on five estimates in a Bloomberg survey.