High Fuel Prices a Problem for Air France-KLM, Lufthansa
Air France-KLM, Lufthansa Report Losses for 2011
WASHINGTON, March 8, 2012 /PRNewswire-USNewswire/ — Europe’s biggest airlines, Air France-KLM and Lufthansa, have warned that high fuel prices will continue to negatively impact their profits.
While Deutsche Lufthansa posted a profit of EUR 1.1 billion in 2010, it reported a net loss of EUR 13 million for 2011.
Similarly, Franco-Dutch airline Air France-KLM posted a profit of EUR 28 million in 2010 but made an operating loss of EUR 353 million in 2011.
Both flag carriers worry that their results may deteriorate in the first half of 2012 due to high oil prices.
EIN News is following the latest developments regarding Air France-KLM, Lufthansa and oil prices, see e.g.:
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