Summary Box: Lufthansa warns on profit

AP News
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Posted: Mar 15, 2012 12:12 PM
Summary Box: Lufthansa warns on profit

LOSING ALTITUDE: Germany's Deutsche Lufthansa AG said profits will fall due to high fuel prices and economic uncertainties. Operating profit is expected to slide from euro820 million ($1.1 billion) to a "mid three-figure million euro range" in 2012.

STORMY SKIES: Lufthansa presented its full-year report a week after posting a 2011 loss of euro13 million because of costs at its troubled British Midland International subsidiary.

EUROPE STALLS: Lufthansa said, "the implementation of austerity plans in the overly indebted countries of the European Union raises the danger of an overall economic weakening and further receding growth in Europe."