Lufthansa closes first quarter 2010 with operating loss of EUR 330 million

The Lufthansa Group closed the first quarter 2010 with revenue of EUR 5.8 billion (previous year: EUR 5.0 billion) and an operating loss of EUR 330 million (previous year: operating loss of EUR 44 million). The net loss for the period came to EUR 298 million (previous year: net loss of EUR 267million). The result for the first quarter includes adverse effects from the first-time consolidation of Austrian Airlines and bmi, higher fuel costs, and non-recurring effects such as the burden due to the extreme winter and to the strike by cockpit staff. It nevertheless also reflects positive demand trends in the cargo and passenger businesses. Overall performance to date has further strengthened the Executive Board’s expectations of achieving a positive operating result higher than last year’s.