Leading German airline, Lufthansa, said today that it made a net profit of €1.1 billion in 2010, compared with a net loss of €34m in 2009.
The group recorded an operating profit of €876m, more than six times the 2009 figure of €130m, on sales that climbed to €27.3 billion from €22.3 billion, a statement said.
Lufthansa, which also owns the carriers Swiss, Austrian Airlines and BMI, said it benefitted last year from an exceptional tax gain worth around €400m.
'On the basis of this gratifying result,' Lufthansa directors will propose a dividend of 60 cent a share, the statement said.
Full details of the group's results are to be published on March 17.
