High fuel costs and the aviation tax weigh on the group's accounts Lufthansa, which in 2011 recorded a consolidated loss of 13 million against a profit of 1,13 billion in 2010. The operating profit was equal to 820 million (-19,6%) with a turnover up by 8,6% equal to 27,7 billion.
“In such a turbulent period, characterized by external shocks and regulatory burdens – commented Christoph Franz, chairman of the board of directors – being able to record a similar profit is very significant and makes the Lufthansa Group still a leader in Europe”.
The result of the group includes a net loss of 285 million euros due to discontinued operations, especially British Midland, which will be sold to International Airlines Group (IAG). The net loss of the group The result of current activities is 289 million euros.
Lufthansa, despite the negative result in the separate financial statements, in accordance with the provisions of the German commercial code proposes the payment of a dividend of 8 cents per share to the general meeting on 25 May.
