Airline

Lufthansa’s profits fall 20% in 2011

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Lufthansa’s profits fall 20% in 2011

Lufthansa’s operating fell by nearly 20% to €820 million ($1.07 billion) in 2011. The German airline group announced a net loss of €13 million for the year last week. The poor results were blamed on taxes (German and Austrian aviation tax cost €361 million) and high fuel prices, which rose ...

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