Earnings position

  • Higher traffic revenue increased operating income by 6.7 per cent to EUR 31bn.
  • Fuel price increases drove up operating expenses by 9.3 per cent altogether.
  • All business segments contributed to operating profit.
  • The Group operating profit came to EUR 820m.
  • Earnings per share were negative at EUR –0.03.

As a result of the contract for the sale of British Midland Ltd. (bmi) to International Airlines Group (IAG) signed by Deutsche Lufthansa AG and IAG on 22 December 2011, British Midland Ltd. is to be presented in the Group’s income statement as a discontinued operation in line with IFRS 5. This form of presentation applies to the after-tax result for bmi and to the result from valuation/disposal proceeds for the discontinued operation, which in this case are the proceeds of the aforementioned contractual agreement. The figures for the previous year have been adjusted in accordance with the presentation in the reporting year. Details of the result from discontinued operations can be found in the following comments and in the Notes to the consolidated financial statements, “Note 15”.

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