Lufthansa 747-400. Photo: By Rob Finlayson. Lufthansa Group incurred a first-quarter net loss of €507 million ($752.6 million), widened 70.1% from a €298 million net deficit in the year-ago quarter. LH said the loss is not as steep as it appears since it includes a €300 million charge associated with a change in the value of fuel hedge options. CFO Stephan Gemkow characterized the charge as "purely an accounting effect," adding that the "hedging options ...

Subscribe to Access this Entire Article

"LH Group reports big first-quarter loss partly attributable to fuel hedge valuation" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.