Lufthansa 747-400. By Rob Finlayson Lufthansa’s (LH) operating profit dropped by almost 20% to €820 million ($1.07 billion) in 2011 and the airline expects to see profit shrink to a mid-three-digit million-euro figure this year. The group blamed aviation taxes and high fuel prices for the profit decline. In addition, LH last week announced a net loss of €13 million ($17 million) for 2011 due to a larger-than-expected losses and disposal costs at British Midlands ...

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