Lufthansa finished the first quarter with a loss of 336 million euros

The European airline Deutsche Lufthansa reported preliminary financial results of the first quarter, according to which a corrected loss of 336 million euros against EBIT of 52 million euros in the first quarter a year earlier was recorded. The reason for this was an increase in fuel costs and an oversupply on European routes. Quarterly revenue amounted to 7 billion 900 million euros, an increase over the year by 3%. Lufthansa, which transported a record number of passengers last year – more than 142 million – expects that by the end of this year, its adjusted EBIT profitability will be in the range of 6.5% to 8%. Last year, the figure was 7.9%. The capitalization of the German airline currently stands at about 10.5 billion euros. Since the beginning of 2019, it has increased by 12%.

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