Lufthansa closes first quarter with operating loss of €381m

The Lufthansa Group improved revenue by 5.6% to €6.6bn (previous year: €6.3bn) in the first quarter 2012. The additional revenue could however not offset the cost increases, in particular for fuel. Therefore the Group registered an operating loss of €381m (previous year: €-169m). The net result attributable to shareholders amounted to €-397m (previous year: €-507m). It includes a result from discontinued operations (bmi) of €2m. The figures for the previous year have been adjusted in line with the presentation for the reporting year in accordance with IFRS 5. For the financial year 2012 the Executive Board anticipates an increase in revenue and an operating result in the mid-three digit million euro range. Potential restructuring costs in connection with the group-wide programme SCORE are not included in this earnings forecast and may have an adverse effect on the result for the current financial year.