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.

It would appear that a disenchantment with the failings of a recently established global economy was one of the reasons for a Brexit vote in the UK, but Britain will need access to the Single Market and the European Commission will negotiate to keep to keep Britain in, says Eddie Hobbs.

Low-cost airlines Germanwings and bmibaby are to co-operate in order to compete with easyJet and Ryanair.