Lufthansa Reports Half-Year Net Loss of 206 Million Euros

Lufthansa Reports Half-Year Net Loss of 206 Million Euros

Lufthansa reported an operating profit for the first half of the year of 3 million euros, an improvement of 174 million euros over the same period a year earlier. This development reflects a robust sales growth -- group revenue climbed by 11.4 percent to 14.1 billion euros -- and positive impacts from the cost management measures.

The impacts of the earthquake in Japan, the political unrest in North Africa and the Middle East and the high oil price burdened the result, however. The net loss for the period was 206 million euros, compared to a net loss of 104 million euros in the previous year.