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Lufthansa achieves operating profit of EUR 226m for the first nine months of 2009

Direct News Source

28-Oct-2009 Positive outlook for the year remains subject to very considerable risks.

Adhoc Release pursuant to §15 of the Securities Trading Act (WpHG).

Against the background of a persistently difficult environment characterised by continuing demand and price weakness the Lufthansa Group generated revenue of EUR 16.2bn (-13.2 per cent) in the first nine months of 2009.

The achieved operating profit of EUR 226m (previous year: EUR 954m) includes also first-time earnings contributions from Austrian Airlines and British Midland totalling EUR 28m as well as earnings from the reversal of a badwill as a result of the initial consolidation of Austrian Airlines (EUR 61m). The net loss for the period was EUR -32m (previous year: net profit of EUR 529m). Last year's figures have been adjusted in line with measurement changes under IFRIC 13.

The Lufthansa Group's earnings continue to be subject to very considerable risks as a result of volume and price trends and renewed oil price increases. A sharp drop in revenue and continued pressure on earnings is therefore expected for the full year. Negative earnings contributions are also anticipated from the new companies in the airline group over the months ahead. Business performance in the fourth quarter will therefore be a deciding factor in whether these factors can be successfully compensated for and the goal of a positive operating result for the now expanded Group can still be achieved.

Further details and the complete interim report will be published by Lufthansa on 29 October 2009. The information will be available on the internet from 8.00 a.m. CET at www.lufthansa.com/investor-relations.