Lufthansa shares fall as it posts first-quarter loss
Lufthansa Group has blamed overcapacity in Europe and rising fuel prices for a first quarter loss of £290.4 million.
The group said unit revenues at its airlines, which include SWISS, Austrian Airlines and budget carrier Eurowings, fell ‘significantly’ in the first three months of the year.
It also saw a €202 million rise in fuel costs.
Its shares fell 5% this morning when its results were announced.
In the same period last year the airline group made a €52 million profit, however in the first three months of 2018 it benefited from the collapse of rival Air Berlin.
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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