- Dec 21, 2002
- 5,998
- 347
Reuters
Lufthansa Rules Out Aid for United
Sunday February 16, 9:40 pm ET
SEOUL (Reuters) - Deutsche Lufthansa AG (XETRA:LHAG.DE - News) said on Monday it had no plan to provide bankrupt United Airlines with financial aid, although it was co-operating closely with its Star Alliance partner.
ADVERTISEMENT
Lufthansa Chief Executive Officer Juergen Weber told Reuters that he expected United, a unit of UAL Corp (NYSE:UAL - News), would come out of its restructuring process strongly.
Asked whether the German carrier was considering financial aid for United, Weber said: That''s not our plan, but we are cooperating very closely.
He also said that operating profit last year was likely to meet Lufthansa''s guidance target of 700-750 million euros, although the outlook for 2003 was uncertain because of a potential war in Iraq.
Lufthansa Rules Out Aid for United
Sunday February 16, 9:40 pm ET
SEOUL (Reuters) - Deutsche Lufthansa AG (XETRA:LHAG.DE - News) said on Monday it had no plan to provide bankrupt United Airlines with financial aid, although it was co-operating closely with its Star Alliance partner.
ADVERTISEMENT
Lufthansa Chief Executive Officer Juergen Weber told Reuters that he expected United, a unit of UAL Corp (NYSE:UAL - News), would come out of its restructuring process strongly.
Asked whether the German carrier was considering financial aid for United, Weber said: That''s not our plan, but we are cooperating very closely.
He also said that operating profit last year was likely to meet Lufthansa''s guidance target of 700-750 million euros, although the outlook for 2003 was uncertain because of a potential war in Iraq.
