Germany's biggest airline, Lufthansa, has announced it's aiming to steadily increase its operating profit this year and beyond. The carrier has been struggling with fierce competition from low-budget airlines.
The company added that operating earnings would build up steadily over the next couple of years to reach 2.3 billion euros in 2015. CEO Christoph Franz admitted, though, that 2013 bottom-line profit would not match that of last year when the sale of its stake in travel booking firm Amadeus helped it to net earnings totaling 990 million euros.
"2013 will be a very demanding year for the company and its employees," Franz said in a statement. He explained the carrier's ambitious cost-cutting program, called "Score," was picking up speed.
Read more: Lufthansa embarks on path to increase operating profit | Business | DW.DE | 14.03.2013
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