Lufthansa posts loss and cuts outlook amid fuel-cost woes

Article Abstract:

German airline Lufthansa is attributing its second-quarter net loss to a high tax bill and poor returns on its investment in catering service and tour operator Thomas Cook. Though the company still forecasts a year-end profit, it has tempered the expected amount of that profit and has said that it may need to place a surcharge on airline tickets to cover the high cost of aircraft fuel.

Forecasts, trends, outlooks, Forecasts and trends, Market trend/market analysis, Company business forecast/projection, Company forecasts, Aviation fuels

---

Karstadt to acquire control of Thomas Cook

Article Abstract:

Deutsche Lufthansa AG of Germany is to sell its 50 percent stake in Thomas Cook Travel Inc. of the United States for 800 million Euros ($1.05 billion). The stake is being sold to its business partner KarstadtQuelle AG also of Germany.

HOTELS AND OTHER LODGING PLACES, MISCELLANEOUS RETAIL, HOME FURNITURE, FURNISHINGS, AND EQUIPMENT STORES, Eating and Drinking Places, United States, Company investment, Investments, Hospitality industry, Specialty stores, Company overview, KarstadtQuelle AG, Financial report, Thomas Cook Travel Inc.

---

BASF's earnings top expectations amid cost cuts

Article Abstract:

BASF AG posted higher than expected earnings for the 2002 year. The company posted a 25% rise in earnings, before interest and taxes, to 2.88 billion euros for the year.

Sales, profits & dividends, BASF AG, Company sales and earnings, Chemical industry, Company earnings/profit

Similar abstracts:

• Abstracts: U.S. aide offers note of caution on jet subsidies. French resistance to trade accord has cultural roots. Lamy defends plan on subsidies
• Abstracts: AXA says its net profit rose 12% last year. Royal and Sun adds to holdings: U.K. insurer to buy rest of Danish firm, paying $1.16 bil
• Abstracts: Mad about mangoes. No prevention, no Cure. Mighty malls
• Abstracts: Marin yard works on NAFO trawler. Samskip container fleet grows to 30. Shrimp and sole at Breskens auction
• Abstracts: Transverse netting gentle on the fish. Netting doesn't need dipping. Samples of new netting from Portugal - at FISHING 2005

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.