The German airline group on Monday (15 April) posted adjusted Q1 ebit (earnings before interest and tax) down nearly €400 million on Q1 2018 (€52 million).
Fuel costs accounted for €202 million, said Lufthansa, while “substantial industry-wide capacity growth in Europe” had put “downward pressure on fares” during the three months to 31 March.
Lufthansa said the scale of the loss was exacerbated by strong Q1 results last year, which came off the back of the collapse of Air Berlin.
