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]

x

Check Also

Emirates, Ryanair, Flybe, Austrian, Virgin, British Airways, easyjet, American Airlines, airlines, load factor, PLF, fullest, planes, aircraft, environment, business, profit

Airlines with best and worst load factor

Flying planes full makes airlines far more profitable, and it’s better for the environment.

Star Alliance, airlines, digital, technology, share, data, members, mobile, app, website, seat, book, interoperability

Star Alliance improves digital inter-usability

The alliance creates a digital services platform for customers using more than one member airline.

Infare, Harald Eisenaecher, appointment, management, Lufthansa, Sabre, airfare, pricing, intelligence, technology

Top executive joins Danish airfare intelligence firm

Danish provider of intelligence worldwide appoints Sabre and Lufthansa veteran.

Sunexpress, Lufthansa, Lithuania, Vilnius, Airbus, lease, Avion, Turkish Airlines, Antalya

Lufthansa venture to lease Lithuanian planes

Joint venture between Lufthansa and Turkish Airlines to lease five A320s from Vilnius.

Norwegian, transatlantic, low-cost, long-haul, South America, Argentina, company, business, domestic, Buenos Aires

Norwegian breaks speed record

A New York to London flight smashes the transatlantic record.

Billund Airport looks ahead to busy 2018

Western Danish airport smashes new records for 2017