Lufthansa improves operating result to EUR -227m in the first quarter of 2011. Executive Board confirms outlook.

The Lufthansa Group closed the first quarter of 2011 with a revenue of EUR 6.4bn (previous year: EUR 5.8bn) and an improvement of EUR 103m in the operating result to EUR -227m. The net loss for the period was greater than that of last year, solely as a result of measurement effects under IAS 39 for hedging options (EUR -292m), and amounted to EUR -507m (previous year: EUR -298m).

The Executive Board confirms the earnings forecast for the full year 2011 and continues to anticipate a year-on-year increase in revenue and operating result.

The interim report for the first quarter of 2011 will be published on 5 May 2011. The information will be available on the internet from 8:00 CET at www.lufthansagroup.com/investor-relations.