Another day, another set of account out. This time, it’s the Lufthansa group posting another loss of of €104m for the first half of 2010, an improvement of the loss made last year.
Of course, it’s time to trot out the reasons why, and in no particular order:
- Pilots strikes
- Costs of integrating BMI
- Costs of integrating Austrian
- “That” Volcanic ash cloud causing EU Airspace to be shut.
Revenues across the group rose by 24% to €12.6bn, with positive demand for freight and intercontinental passenger transit, and perhaps more importantly, First Class and Business Class passengers are starting to book again.
Now, if First and Business class passenger traffic is picking up, there is a sign of a recovery – but also, it could be a case of traffic poaching from one carrier that has had a few issues recently.
Neither the less – it’s a sign on the ongoing recovery.
GhettoIFE.com will be flying on Lufthansa’s Intra-EU product next month, so keep an eye out when the big trip report comes out in September….
