In a recessionary economic environment the Lufthansa Group generated revenue of EUR 5.0bn (previous year: EUR 5.6bn) in the first quarter 2009. The operating result of EUR -44m (previous year: EUR 172m) stems from a weak demand for passenger and freight flights, but also from the lower price of fuel and from one-off effects. The net loss for the period was EUR -256m (previous year: EUR 44m). Last year's figures have been restated in line with valuation changes under IFRIC 13 (Customer Loyalty Programmes).
In the absence of signs that demand will recover in the short term, a decline in revenue is also expected for the full year, which will be accompanied by a considerable reduction in the operating result. The Executive Board nevertheless still expects to earn a clearly positive operating result even in this environment.
The interim report for the first quarter 2009 will be published on 30 April 2009. The information will be available on the internet from 8:00 CET at www.lufthansagroup.com/investor-relations