Key Figures

Deutsche Lufthansa AG upped its revenue to EUR 28.7bn in the 2011 financial year and posted an operating profit of EUR 820m. As of the year-end, the net loss for the period comprised a loss of EUR 285m from discontinued operations. This included the current result recorded by the Group company British Midland Ltd. (bmi) - due to be sold to the International Airlines Group - and valuation effects in connection with its disposal. Taking this into consideration, the Group generated a net loss of EUR 13m. However, the result from continuing operations amounted to EUR 289m.

The Passenger Airline Group business segment contributed EUR 349m towards the Group's operating profit for the year after increasing its revenue to EUR 22.3bn. Higher fuel costs were the main reason behind the 44.5 per cent reduction on the previous year's figure of EUR 629m. The Group also paid air traffic tax totalling EUR 361m to the German and Austrian authorities. The other business segments contributed towards the Group's overall result with an operating profit. In the Logistics business segment, Lufthansa Cargo achieved an operating result of EUR 249m - the second best in its history. Lufthansa Technik's operating performance developed well, but the company fell marginally short of its previous year's result and posted an operating profit of EUR 257m due to provisions for long-term contracts. Thanks to the realignment of Lufthansa Systems, the IT Services business segment almost doubled its operating profit to EUR 19m and stabilised its revenue. In the Catering business segment, LSG Sky Chefs grew both its revenue and its operating profit, recording a figure of EUR 85m for 2011.

Lufthansa Group key figures at a glance