{"id":104247,"date":"2017-03-16T11:58:24","date_gmt":"2017-03-16T11:58:24","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=104247"},"modified":"2017-03-16T11:58:24","modified_gmt":"2017-03-16T11:58:24","slug":"german-carrier-lufthansa-sees-profits-rise-in-2016","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/german-carrier-lufthansa-sees-profits-rise-in-2016\/","title":{"rendered":"German carrier Lufthansa sees profits rise in 2016"},"content":{"rendered":"<p>German carrier Lufthansa is reporting a 4.6 percent rise in annual profit for 2016, despite a series of costly labor disputes. <\/p>\n<p>The airline said Thursday its net profit rose to 1.78 billion euros ($1.89 billion) last year, compared with 1.7 billion euros in 2015. <\/p>\n<p>Lufthansa chief executive Carsten Spohr said Thursday that the company had managed to keep costs down in what he described as &#8220;a very demanding market environment.&#8221; <\/p>\n<p>The airline benefited from an agreement with cabin crew to reduce pension entitlements. It struck a similar deal with pilots that will boost profits in 2017. <\/p>\n<p>The agreements put an end to strikes that had repeatedly paralyzed the airline&#8217;s fleet last year. <\/p>\n<p>Looking ahead, Lufthansa predicts a rise in fuel costs and sinking ticket prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>German carrier Lufthansa is reporting a 4.6 percent rise in annual profit for 2016, despite a series of costly labor disputes. The airline said Thursday its net profit rose to 1.78 billion euros ($1.89 billion) last year, compared with 1.7 billion euros in 2015. Lufthansa chief executive Carsten Spohr said Thursday that the company had managed to keep costs down in what he described as &#8220;a very demanding market environment.&#8221; The airline benefited from an agreement with cabin crew to reduce pension entitlements. It struck a similar deal with pilots that will boost profits in 2017. The agreements put an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[229],"tags":[],"class_list":["post-104247","post","type-post","status-publish","format-standard","hentry","category-civil-aviation"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/104247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=104247"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/104247\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=104247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=104247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=104247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}