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.
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 ...
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