FRANKFURT (Dow Jones) – German Lufthansa AG has confirmed its outlook for the full year.
"Despite a negative first quarter and the airspace closure in early April , the developments of recent months have a total of the expectations, in 2010 an operating result than last year generate , strengthen , " said Germany’s largest airline, on Monday at its Investor Day with in Frankfurt , confirming their earlier assessment .
In the view of the Board , the signs are now "significantly to rest in all areas of the Group. " So continuous , as the demand is currently recovering , much speak for a sustainable recovery. In particular, the freight business and intercontinental passenger traffic recorded by Lufthansa detail a "very positive "development.
The European business was recovering more slowly . Here you see a change in travel behavior . Lufthansa drift so in all societies especially the cost , benefit animals at the same time of synergies from the established group structure in its own airline alliance .
" A first interim report shows that the programs and progress towards integration on track , "explained the company. His claim to leadership in terms of profitability it maintains the Lufthansa Executive Board.
With additional costs of the aviation company expects the current year in jet fuel. Thus, the forecast is for the fuel expenses at EUR 5.3 billion , slightly higher than the end of April estimated 5.2 billion EUR. 2009, the Lufthansa paid EUR 3.7 billion for jet fuel . The reason is the increase in the forecast with the weaker euro .
Website: www.lufthansa financials.com –
By – Kirsten Bienk , Dow Jones Newswire ,
+49 (0)40 3574 3116, kirsten.bienk @ dowjones.com
DJG / KiB / rio / voi