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Lufthansa posts 1Q2011 loss; EUR40m impact from earthquake and MENA unrest

5-May-2011 9:57 AM

Lufthansa stated its first quarter loss was influenced by reduced passenger demand following the earthquake in Japan and unrest in North Africa (Reuters, 04-May-2011). The carrier stated these events would weigh on its outlook and had affected results by EUR40 million in 1Q2011. The carrier reported a narrowed first quarter operating loss of EUR227 million (from EUR330 million in 1Q2010).