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SMALL BUSINESS
Lufthansa 9 month net loss of €32 million
AP ONLINE
posted: 27 DAYS 19 HOURS AGO
FRANKFURT (AP) — German airline Deutsche Lufthansa AG says it lost €32 million in the first nine months of the year, as the economic downturn weighed on travel demand.
The loss compares with a net profit of €529 million in the January-September period of 2008.
Germany's biggest airline says revenue for the period fell 13.2 percent to €16.2 billion compared with nearly €19 billion in the year-ago period.
The company achieved an operating profit of €226 million in the first nine months, 76 percent below the operating result of €954 million in 2008.
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