On Feb. 26, Lufthansa released preliminary 2007 financial results indicating that the German airline group achieved a net profit of EUR1.66 billion (US$2.46 billion) last year, more than double the EUR803 million reported in 2006.

Revenue rose 13.1% to EUR22.4 billion and group operating profit climbed 63.1% to EUR1.38 billion from EUR845 million the prior year.

Fourth-quarter profit, as calculated from full-year results, was a scant EUR80 million. Operating profit was EUR290 million. The company will release detailed results on Mar. 12.