Lufthansa improves operating result in the first quarter 2011

The Lufthansa Group closed the first quarter of 2011 with revenues of EUR 6.4 billion (previous year: EUR 5.8 billion) and an improvement of EUR 103 million in the operating result to EUR -227 million. Net loss for the period was greater than that of last year, solely as a result of measurement effects under IAS 39 for hedging options (EUR -292 million), and amounted to EUR -507 million (previous year: EUR -298 million). The Executive Board confirms the earnings forecast for the full year 2011 and continues to anticipate a year-on-year increase in revenue and operating result.