skip to main content
|

Financial News

Thursday July 9, 01:53 PM
Lufthansa reports 2.8% drop in traffic in June

Photo
Click to enlarge photo

FRANKFURT (AFP) - The leading German airline, Lufthansa (Xetra: 823212 - news) , said on Thursday it suffered a 2.8-percent fall in traffic in June from the figure for the same month in 2008, owing to the global economic crisis.

Lufthansa transported a total of 4.92 million passengers while its subsidiary Swiss carried 1.12 million, a statement said.

The airline's seat load factor, a key indicator of operations, fell by 3.4 points to 77.6 percent despite reduced overall capacity.

For the first half of the year, Lufthansa said its own passenger numbers fell by 6.1 percent to 26.7 million, but that when Swiss was included the drop was a more modest 4.8 percent to 33.2 million.

"Except for Middle East / Africa, the first half passenger count declined in all traffic regions," the statement said.

Freight operations were also hit by the global slowdown, with Lufthansa Cargo carrying 694,000 tonnes of freight and mail in the first six months of the year, 20.1 percent less than in the same period of 2008.

Lufthansa said in June that it would take more measures to reduce costs, and raised fuel surcharges on most passenger flights as it raised its forecast for fuel expenses this year to 3.55 billion euros (five billion dollars) from 3.4 billion previously.

Send Article by Email  |  Send Article by IM  |  Blog This with Y! 360  |  Printable View

Full Coverage : Business News for Mobile
  Previous article : Weak consumer confidence raises alarm on US recovery ( )
  Next article : Saudi petrochemicals exporters slam China over dumping probe ( )
Yahoo! Finance : Market News | Financial Market Overview - Yahoo! Finance UK
Full Coverage : Headline News
Yahoo! Finance : Yahoo! Finance - News - Commentary
  Previous article : Brazil's tight control over oil won't scare investors: Lula ( )
  Next article : Dismal economy, Air France crash over Paris show ( )

AFP logo

Lufthansa AG
823212
n/a
n/a
FTSE 100  Gainers  Losers
FTSE 250 Quotes by Sector
Dow Jones  Nasdaq  S&P 500
DAX 30   Eurostoxx 50
 

Recession

  Just how deep is the trough?
Banking Crisis
 

Are the banks out of the woods?

Stock Market Crash
  Explaining the global market turmoil
Money saving Tips
 

How to beat the credit crunch

Isn't Finance Funny?
 

Scandals and silliness


Message Boards
Property Pensions
Savings Utilities
UK Stocks Investing
Speach bubble Oinl DB46
Speach bubble FTSE 5500 plus by year end ..pound down 33% so who gives a crap
Speach bubble Who is this oink DB64 ?
Speach bubble Stupid Predictons and Assertions
Speach bubble RFID Microchipping


Archives of

Copyright © 2009 AFP AFP. All rights reserved.