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Lufthansa Reports Profit After Three Years of Losses

March 24, 1995

FRANKFURT, Germany (AP) _ The German airline Lufthansa said it made a $218 million pre-tax profit in 1994, breaking a three-year string of annual losses.

The airline, which lost $37 million at the current exchange rate in fiscal 1993, attributed the profit last year to higher revenues and lower expenses. Revenues rose 6 percent to $11.4 billion.

Layoffs of 2,700 last year and decreased fuel and interest costs enabled Lufthansa to trim operating expenses by 4.4 percent last year, the company said.

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