UPDATE 1-Lufthansa says on course for 2007 profit boost

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FRANKFURT, Aug 23 (Reuters) - Germany's Deutsche Lufthansa (LHAG.DE: Quote, Profile, Research, Stock Buzz) is on track to meet its full-year target to boost earnings and sees no impact from the current financial crisis, board member Stefan Lauer told journalists.

Lufthansa will achieve its goal of operating profit "significantly over 1 billion euros ($1.36 billion)", Lauer said at an event in Frankfurt late on Wednesday.

The airline has said its result will rise to 1-1.3 billion euros this year from 845 million euros last year, partly boosted by the purchase of rival carrier Swiss.

"We are solid...we are financially strong, we have no liquidity problems," Lauer said.

Shares in Lufthansa were 1.6 percent higher at 20.91 euros by 0717 GMT, outperforming a 1 percent gain on the German blue-chip DAX index .GDAXI.

Lauer also said Lufthansa would not rush into any further takeovers that did not make sense for the airline.

Spain's Iberia (IBLA.MC: Quote, Profile, Research, Stock Buzz) and Italy's Alitalia (AZPIa.MI: Quote, Profile, Research, Stock Buzz) were both still "interesting". But Iberia remained "overvalued", while the conditions had not been right regarding Alitalia.