Lufthansa triples net profit

Lufthansa triples net profit

Still reeling from the crash of one of its Germanwings planes in March, Lufthansa has tripled its second quarter net profit helped by cheap fuel.

The German airline posted “solid results” April-to-June although earnings “were strongly impacted by external effects”, chief financial officer Simone Menne said on Thursday.

Net profit soared to 529 million euros ($A795 million) during the second quarter, up from 173 million euros one year ago.

A rise in interest rates also eased pressure on the airline to top up guaranteed pension levels.

Such effects outweighed the weakness of the euro against the US dollar, which put pressure on earnings, costing 158 million euros during the first half.

Turnover climbed by nearly nine per cent to 8.4 billion euros during the second quarter despite a decline in per-passenger income of nearly six per cent due to ferocious competition in the sector driving down prices.

The airline has been in the headlines constantly over the Germanwings crash in the French Alps on March 24 that killed 150 people, which has been blamed on a suicidal co-pilot.

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