Lufthansa closes first quarter 2010 with an operating loss of EUR 330m. Executive Board confirms outlook.

The Lufthansa Group closed the first quarter 2010 with revenue of EUR 5.8bn (previous year: EUR 5.0bn) and an operating loss of EUR 330m (previous year: operating loss of EUR 44m). The net loss for the period came to EUR 298m (previous year: net loss of EUR 267m). Last year's figures have been restated in line with measurement changes under IAS 39.

The result for the first quarter includes adverse effects from the first-time consolidation of Austrian Airlines and bmi, higher fuel costs, and non-recurring effects such as the burden due to the extreme winter and to the strike by cockpit staff. It nevertheless also reflects positive demand trends in the cargo and passenger businesses. Overall performance to date has further strengthened the Executive Board's expectations of achieving a positive operating result higher than last year's.

The interim report for the first quarter 2010 will be published on 5 May 2010. The information will be available on the internet from 8:00 CET at www.lufthansagroup.com/investor-relations.