Lufthansa aims to catch up with BA's, Air France's operating margins |
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Thu, 26 Apr 2007 11:14
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FRANKFURT (Thomson Financial) - Deutsche Lufthansa AG aims to catch up with British Airways' and Air France's operating profit margins and will provide further details on how it will do so in the summer, chief financial officer Stephan Gemkow said.He declined to give a specific margin target.The flagship carrier is using more conservative depreciation methods than its rival airlines, Gemkow said, adding that the 10 pct margin BA is currently targeting would equal an 8 pct margin using Lufthansa's depreciation methods.'There is still a gap we want to close,' he said in a telephone conference with journalists.He said Lufthansa may not achieve this goal this year.For the full-year 2006, the company posted an operating profit margin of 4.3 pct.patrizia.kokot@thomson.compk/mas/pk/jsaCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Lufthansa still interested in acquisitions; main focus on organic growth 