LUFTHANSA POSTS HALF-YEAR NET LOSS

Dino D'Amore
By Dino D'Amore July 28, 2011 10:22

LUFTHANSA POSTS HALF-YEAR NET LOSS

German airline Lufthansa has announced a net loss in the first six months which has almost doubled to €206 million ($300 million) from €104 million over the same period a year earlier.

Although revenue was up by 11% to €14.1 billion, a change in accounting rules on its fuel hedging, the earthquake in Japan and the political turmoil in North Africa and the Middle East impacted its profitability. Operating profit was also up to €3 million from a loss of €171 million a year earlier.

Dino D'Amore
By Dino D'Amore July 28, 2011 10:22
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Fairline%2Flufthansa-posts-half-year-net-loss%2F"> registered </a> users can comment.