skip to main content

Lufthansa Q2 profit falls on fuel costs and new taxes

Lufthansa has blamed high fuel costs and new taxes on air travel in Germany and Austria for a 24% decline in second quarter earnings.

The German airline said that net earnings fell to €229m from €301m a year earlier.

Revenue grew by 6% to €7.9 billion and the number of passengers between April and June rose slightly to 27.5 million.

The Lufthansa group includes Austrian Airlines and Swiss. The Cologne-based company also holds stakes in Brussels Airlines and JetBlue of the US.

Lufthansa's second-quarter performance followed a loss of €397m in the first three months of the year, also blamed on high fuel prices.