This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

Lufthansa Group posted record profits in 2017, the behemoth German-based aviation group reported on Thursday.

The airline collective, which includes Lufthansa, Eurowings, Swiss, Brussels Airlines and Austrian Airlines, made profits totaling $2.92 billion last year, which was 33% higher than financial experts had predicted. Lufthansa Group said it also increased its customer base by 20 million passengers and grew revenue by 12%.

The jump in earnings and passengers is due in part to the bankruptcy of rival carrier Air Berlin. When Air Berlin declared bankruptcy in 2017, Lufthansa bought more than half of its operations, including 81 of its airplanes, 3,000 members of its staff and Air Berlin subsidiary regional carriers Niki and LG Walter.

Lufthansa’s record earnings report comes as the airline announces it’s cutting its Berlin (TXL) – New York (JFK) route because the carrier was unable to obtain the ideal arrival and departure times to fill the flights and make them profitable. Passengers instead will have to connect through Frankfurt if they want to fly Lufthansa between TXL and JFK.

H/T: The Local

American Express® Gold Card

With some great bonus categories, the American Express Gold Card has a lot going for it. The card offers 4x points at US restaurants, at US supermarkets (up to $25,000; then 1x), and 3x points on flights booked directly with airlines or through amextravel.com. It is currently offering a welcome bonus of 35,000 bonus points after you spend $2,000 in the first three months.

Apply Now
More Things to Know
  • Earn 35,000 Membership Rewards® Points after you spend $2,000 on eligible purchases with your new Card within the first 3 months.
  • Earn 4X Membership Rewards® points at U.S. restaurants. Earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X).
  • Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
  • Earn up to $10 in statement credits monthly when you pay with The Gold Card at Grubhub, Seamless, The Cheesecake Factory, Shake Shack, and Ruth's Chris Steak House. This is an annual savings of up to $120. Enrollment required.
  • $100 Airline Fee Credit: up to $100 in statement credits per calendar year for incidental fees at one selected qualifying airline.
  • Choose to carry a balance with interest on eligible charges of $100 or more.
  • No Foreign Transaction Fees.
  • Annual Fee is $250.
  • Terms apply.
  • See Rates & Fees
Intro APR on Purchases
N/A
Regular APR
See Rates & Fees
Annual Fee
$250
Balance Transfer Fee
See Terms
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.