Total revenues for the Lufthansa Group in the first quarter of 2016 declined by 0.8 per cent to €6.9 billion. Despite significantly higher passenger volumes, traffic revenue was 3.9 per cent down, the airline group said that this was a reflection of the substantial pricing pressures faced by the Group’s passenger airlines and the cargo business. The company’s Adjusted EBIT improved, however, by €114 million to €-53 million. This tangible result improvement in the traditionally weak quarter is attributable not only to further benefits on the fuel cost front, which totalled €237 million for the period, but also to a

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In