Lufthansa: profit slide continues in 2012

Operating profit to be “in mid three-figure million euro range”

Lufthansa says it expects its operating profit to keep falling in 2012. As reported, the German airline posted a fall in operating profit in 2011 to €820 million, from €1.02bn in 2010, and the airline posted a net loss for the year of €13 million, resulting mostly from the unprofitable UK unit BMI, which it is in the process of selling to British Airways parent company International Airlines Group. It now warns, in a statement, that the 2012 operating profit figure could be “in the mid three-figure million euro range”.
The group adds: “Further developments in the business environment – and fuel prices in particular – would determine precisely how high the group’s operating profit would be at year-end.”
TTG Digital
[pictured: Lufthansa A380 cockpit close-up]