Lufthansa Sees Swiss Profits by 2007 | Business| Economy and finance news from a German perspective | DW | 08.06.2005
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Lufthansa Sees Swiss Profits by 2007

German flag carrier Lufthansa expects its newly acquired Swiss unit to fly back into profit by 2007, the German airline's chairman Wolfgang Mayrhuber said in a newspaper interview Wednesday. "We're penciling in a positive contribution to earnings from Swiss in 2007," Mayrhuber told the daily Die Welt. Swiss, which Lufthansa acquired in March, was already cutting costs, the chairman said. "In 2006, it will be decisive what comes out of the wage negotiations with the unions for the pilots and cabin staff," and what can be gained from Swiss' technical, airport, air traffic control and catering activities, Mayrhuber said.

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