FRANKFURT, MARCH 7 - Deutsche Lufthansa AG
A loss of 285 million euros from discontinued operations reflects current losses at British Midland Ltd. and valuation effects linked to its disposal, the German airline said in an unscheduled statement on Wednesday.
Analysts on average had expected a full-year net profit of 324 million euros, according to Thomson Reuters I/B/E/S, following a net profit of 1.1 billion euros a year earlier.
British Airways owner IAG
The German flagship carrier also said it would pay a dividend of 0.25 euros per share, where analysts had expected 0.47 euros on average, as an exception to its dividend policy.
This is intended to let shareholders participate in the successful operating performance in the reporting year in a way that is justifiable to the financial profile, the group said.
(Reporting by Ludwig Burger)