World events cost Lufthansa €40 million in Q1

Global airline installs lighter seats and continues cost cutting

Events around the world have caused disruption for many airlines, bringing down their financial results. One of Europe’s airlines badly hit is Lufthansa, which says that the crisis in Japan and the Arab uprisings cost it €40 million in the first quarter. However, Europe’s biggest carrier is continuing with a cost-cutting program and fuel price hedging, and says that demand for air travel is strong. It is also trying to reduce the weight of its aircraft by installing lighter seats.
“The current challenges disrupt the course of business, but do not imperil the fundamental development of the company,” Lufthansa states in its quarterly financial report. The airline reported an operating loss of €227 million for Q1, which compares to a €330 million loss for Q1 2010. It is choosing not to give an estimate for revenue and operating profit for 2011.
Reuters

x

Check Also

Lufthansa, Tromsø, northern lights, Aurora Borealis, Lapland, winter, visit, flights, travel, tourism, Germany, Israel, hot, cold, Agadir, Edinburgh, Scotland

Lufthansa to launch eight new winter routes

The north-Nordic destination of Tromsø gets another German connection, while other flights go far to the south.

Lufthansa, profit, loss, quarter, 2018, Eurowings, Air Berlin, revenue, Swiss, Austrian

Lufthansa profit falls, group remains “confident”

Strikes, the weather and a “stressful” period at Eurowings weigh down the group’s latest quarterly results.

Qatar Airways, Doha, Oslo, increase, flights, week, capacity, Qatar, connect, airports, Middle East

Qatar Airways start flights to Gothenburg Landvetter airport

The ever-growing airline from Qatar starts wide-body Boeing 787-8 operations to Gothenburg in December 2018.

Lufthansa, SAS, talks, Brussels Airlines, low-cost, Eurowings, buy, stake

Lufthansa and Brussels Airlines join forces in Africa

One face to the customer: Lufthansa Group integrates its sales activities in Africa for all its airlines.

Laudamotion, Ryanair, buy, M&A, airlines, Austria, aviation, business, option, EU

Laudamotion, Ryanair and Lufthansa in dispute over aircrafts

The Austrian based Laudamotion and 25 percent owned by Ryanair is arguing with German giant Lufthansa over aircrafts not delivered after Air Berlin bankruptcy.

Norwegian, Lufthansa, buy, interest, IAG

Lufthansa reveals interest in Norwegian

Talks have taken place between the two parties, the boss of Lufthansa Group claims.