LUFTHANSA TO REMAIN IN THE BLACK

Christoph Franz, CEO of Lufthansa has confirmed that the airline expects to be able to remain profitable throughout 2011. At the same time Franz conceded that he was not able to give a clear outlook for the full year due to the uncertain situation in Japan which has thus far cost Lufthansa €16 million in lost revenue in the first quarter while unrest in North Africa has had a far larger impact costing €22 million during the year’s first three months alone. Interestingly Lufthansa has confirmed that it has not been able to pass on the cost of the new