Rising fuel costs help send Lufthansa into the red

Caroline Copley Lufthansa posted an operating loss of €336m for the first three months of the year, hurt by rising fuel costs and excess capacity in Europe.

Lufthansa posted an operating loss of €336m for the first three months of the year, hurt by rising fuel costs and excess capacity in Europe.

Germany’s biggest airline said in an after-hours update that a €202m rise in fuel costs had contributed to the loss, while ticket prices fell significantly at Lufthansa’s other airlines, which include Swiss and Austrian Airlines, as well as budget carrier Eurowings.