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Bmi contributes €93 million loss to Lufthansa

Bmi contributed a loss of €93 million to Lufthansa in the first half of the year.


The figure emerged as the German organisation’s Lufthansa Passenger Airline arm posted a “significant” operating loss of €342 million.


Within this, Lufthansa made a loss of €203 million and Austrian Airlines lost €70 million.


Bmi and Germanwings contributed losses of €93 million and €39 million respectively. Only SWISS made a positive contribution of €54 million.


The overall Lufthansa Group posted an operating loss of €171 million, a €179 million improvement on the same period in 2009. This was based on revenues totalling 12.6 billion euros, a year-on-year increase of 23.5%.


The group said the severe winter, a strike by pilots, the airspace lockdown after the Icelandic volcanic eruption and a continued slump in prices all took their toll and had negative effects during the first six months of 2010.


Lufthansa executive board member and chief financial officer Stephan Gemkow noted an improved performance in the second quarter.


“There is a noticeable recovery in first and business class bookings in the passenger business and the revenue from long-haul traffic,” he said.


“A good example of this is our A380 with the new first class, which has had an excellent load factor in all classes since entering scheduled service on the Frankfurt–Tokyo route. Nevertheless, despite our delight with the very good second quarter, we have not yet succeeded in matching the results of earlier years.”


But he added: “We shall continue with the sustained implementation of our cost-cutting measures, particularly in the face of the current slump in prices and altered demand in short-haul traffic.”

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