Lufthansa Group: Taxes, high fuel prices burden 2011 results

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...

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