Quarterly loss of Lufthansa fell by 16%

The net loss of German airline Deutsche Lufthansa in the first quarter decreased by 16% to 57 million euros compared to a loss of 68 million euros a year earlier. Adjusted EBIT increased from 25 million euros to 26 million euros, being three times less than the forecasts of the experts who had expected the figure at 81.3 million euros. This is due to the expansion of Eurowings in Europe and the increase in expenses associated with the bankruptcy of Air Berlin. Quarterly revenues amounted to 7 billion 640 thousand euros, declining from 7 billion 690 million euros. Lufthansa expects “a significant increase in adjusted revenue compared to last year and a small decrease in adjusted EBIT”.

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