Germanwings to improve on 2010 result in 2011 despite impact of air traffic tax and high fuel costs

Lufthansa Group stated Germanwings is expected to report an improved operating result in 2011, despite the air traffic tax and the high oil price continuing to present challenges for Germanwings throughout the 2011 financial year. The company did not provide further details about its outlook, other to say that the full year result will be an improvement on last year's operating result of an EUR11 million loss. However, given the increasing losses in the first half of the year, the carrier will still fall short of the record EUR39 million operating profit achieved in 2009.