Lufthansa Group has incurred a first-quarter net loss of €507 million ($752.6 million), widened 70.1% from a €298 million net deficit in the year-ago quarter. However the loss was blamed on an accounting effect as it includes a €300 million charge associated with a change in the value of fuel hedge options, which CFO Stephan Gemkow said “hedging options are taking a lot of pressure off our operating result.” First-quarter revenue rose 11.8% year-over-year to €6.4 billion and operating loss was €227 million, narrowed from an operating deficit of €330 million in the year-ago period. Lufthansa Passenger Airlines posted a
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