lh-investor-info-2011-04-e.pdf

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1lufthansa.com/investor-relations | [email protected] | Tel. +49 69 696 28010 | Fax +49 69 696 90990

Lufthansa Investor Info 04/11

Investor Info April 2011

Investor Relations

Stable load factors in April performance figures up sharply due

to airspace closures last year

The Passenger Airline Group increased capacity and sales in equal

measure in April, achieving load factors on a par with the previous year

in a ongoing stable pricing environment. Passenger numbers rose by31.5 per cent compared with 2010. Last year the closure of broad

swathes of European airspace following a volcanic eruption severely

restricted air traffic. This distorts the comparison of performance figures.

The figures are also partly affected by the current situation in J apan

and the uncertain state of affairs in North Africa.

Lufthansa Passenger Airlines kept the passenger load factor up at

last year's good level. Although the load factors in Europe and America

were up, Asia/Pacific and Middle East/Africa, the regions affected by

the crises, reported a fall in passenger load factors.

SWISS was able to improve on last year's already high load factor in

April 2011. The performance was particularly gratifying in European

traffic, but the Asia/Pacific region saw falls in the passenger load factor

here too.

BothAustrian Airl ines and bmi reported slightly lower load factors as

a result of the current situation in the North African crisis regions.

The freight business also continued to perform well. Lufthansa Cargo

registered a clear rise in sales with robust freight rates. The cargo load

factor was down on last year, but this was due to catch-up effects in

cargo traffic following the airspace closures.

Traffic figures of Passenger Airline Group

(Month yoy %)

31.5

24.3 24.4

0.0

22.3

Passengers Flights ASK RPK SLF (pts)

Traffic fi gures by region

(Month yoy %)

21.8 22.8

35.5

22.4

28.8

18.2

13.3

24.6

Europe

SLF 72.0 (+3.6 pts)

America

SLF 83.3 (+1.5 pts)

Asia/Pacific

SLF 75.1 (-5.7 pts)

ME/Africa

SLF 73.6 (-2.8 pts)

ASK

RPK

Traffic fi gures by airline (Month yoy %)

10.1

30.9

7.5

23.0

27.5

12.7

22.9

27.123.6

25.9

14.9

21.2

Lufthansa Passenger

Airlines

SLF 76.2 (-0.2 pts)

SWISS

SLF 81.6 (+1.8 pts)

Austrian Airlines

SLF 70.9 (-1.7 pts)

British Midland

SLF 68.9 (-1.0 pts)

Germanwings

SLF 76.4 (+1.5 pts)

Lufthansa Cargo

CLF 68.3 (-4.0 pts)

ASK / ATK

RP K / RTK

NewsOperating result improved in the first quarter and earnings forecast fo r 2011 confirmed The Lufthansa Group closed the first

quarter of 2011 with revenue of EUR 6.4bn (previous year: EUR 5.8bn) and an improvement of EUR 103m in the operating result to

EUR -227m. The net loss for the period was greater than that of last year, solely as a result of measurement effects under IAS 39 for

hedging options (EUR -292m), and amounted to EUR -507m (previous year: EUR -298m). The Executive Board has confirmed the

earnings forecast for the full year 2011 and is still expecting revenue and operating result to be higher than in 2010.

Dividend of EUR 0.60 paid out Following a resolution taken at the Annual General Meeting on 3 May, Lufthansa involved its

shareholders in the proceeds of its success in 2010, paying out a dividend of EUR 0.60 per share on 4 May. Based on the closing price

on 3 May this corresponds to a dividend yield of 3.9 per cent. Lufthansa aims for a dividend payment for the financial year 2011, too;

the amount will primarily be a factor of the operating result, whereby a dividend ratio of 3040% is targeted.

Lufthansa Cargo voted world's best freight airline Lufthansa Cargo was chosen as the best freight airline in the world for the first

time by the direct votes of thousands of forwarders at the Cargo Airline of the Year Awards. The Lufthansa subsidiary also won the

prize for the best European cargo airline at the ceremony in London, successfully defending its title.

The next Investor Info with traffic data for May will be published on 10 J une 2011.


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Investor Relations

Traffic figures by airline

Lufthansa Passenger Airlines* Month yoy (%) Cumulative yoy (%)

Passengers in 1,000 5,479 +37.5 19,266 +18.7Available seat-kilometers (m) 14,892 +27.5 56,306 +16.9

Revenue seat-kilometers (m) 11,342 +27.1 41,407 +13.8

Passenger load-factor (%) 76.2 - 0.2pts. 73.5 - 2.0pts.

Number of flights 55,556 +28.2 212,941 +12.1

* incl. Lufthansa Regional and Lufthansa Italia

SWISS**

Passengers in 1,000 1,366 +32.4 4,956 +11.7

Available seat-kilometers (m) 3,470 +23.0 13,652 +13.7


Passenger load-factor (%) 81.6 +1.8pts. 78.0 - 1.1pts.


Revenue Cargo tonne-kilometers (m) 114 +16.1 459 +10.8

Cargo load-factor (%) 53.1 - 3.1pts. 54.2 - 1.7pts.

** incl. Edelweiss Air

Austrian Airlines

Passengers in 1,000 895 +15.6 3,023 +3.3


Revenue seat-kilometers (m) 1,388 +7.5 4,842 - 1.4


Number of flights 11,877 +4.1 46,821 - 1.1

British Midland

Passengers in 1,000 477 +19.2 1,711 - 5.3

Available seat-kilometers (m) 873 +22.9 3,072 - 1.2

Revenue seat-kilometers (m) 602 +21.2 1,974 - 3.1Passenger load-factor (%) 68.9 - 1.0pts. 64.3 - 1.2pts.

Number of flights 6,509 +18.6 25,415 - 1.5

Revenue Cargo tonne-kilometers (m) 4 +4.1 18 - 31.2

Cargo load-factor (%) 46.6 +3.8pts. 51.9 +3.6pts.

Germanwings

Passengers in 1,000 614 +16.5 1,961 - 0.1

Available seat-kilometers (m) 709 +12.7 2,209 +4.0

Revenue seat-kilometers (m) 542 +14.9 1,579 +1.8



Lufthansa Cargo

Cargo/Mail in 1,000 t 161 +24.8 630 +21.1

Available Cargo tonne-kilometers (m) 1,172 +30.9 4,527 +24.8

Revenue Cargo tonne-kilometers (m) 800 +23.6 3,144 +20.6



Lufthansa Group***

Passengers in 1,000 8,831 +31.5 30,916 +13.0




Cargo/Mail in 1,000 t 180 +23.9 708 +19.8

Available Cargo tonne-kilometers (m) 1,396 +23.7 5,408 +17.5




*** Lufthansa Passenger Airlines, SWISS, Austrian Airlines, British Midland, Germanwings and Lufthansa Cargo


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Investor Relations

Traffic figures per region

Lufthansa Group* Month yoy (%) Cumulative yoy (%)

Passengers in 1,000 7,097 +34.8 24,527 +14.2Available seat-kilometers (m) 7,884 +28.8 28,553 +14.6


Passenger load-factor (%) 72.0 +3.6pts. 66.2 +0.4pts.

Cargo/Mail in 1,000 t 57 +23.3 224 +18.0

Available Cargo tonne-kilometers (m) 90 +20.8 337 +8.1


Europe

Cargo load-factor (%) 39.1 - 0.7pts. 41.3 +0.8pts.

Passengers in 1,000 742 +24.3 2,568 +13.0




Cargo/Mail in 1,000 t 56 +31.6 219 +25.9

Available Cargo tonne-kilometers (m) 578 +30.0 2,193 +21.4


America(North and South)


Passengers in 1,000 467 +15.6 1,879 +7.5




Cargo/Mail in 1,000 t 51 +18.8 198 +18.0

Available Cargo tonne-kilometers (m) 582 +19.7 2,270 +18.1


Asia/Pacific


Passengers in 1,000 441 +14.7 1,654 +5.6

Available seat-kilometers (m) 2,416 +22.8 10,024 +14.1Revenue seat-kilometers (m) 1,778 +18.2 7,031 +8.6


Cargo/Mail in 1,000 t 16 +18.9 67 +13.5

Available Cargo tonne-kilometers (m) 145 +18.6 605 +7.8


Middle East /Africa


* Lufthansa Passenger Airlines, SWISS, Austrian Airlines, British Midland, Germanwings and Lufthansa Cargo

Lufthansa Passenger Airlines**

Passengers in 1,000 4,291 +43.3 14,862 +21.5



Europe

Passenger load-factor (%) 71.1 +2.9pts. 65.2 +0.8pts.

Passengers in 1,000 582 +24.3 2,019 +13.0



America(North und South)


Passengers in 1,000 356 +19.0 1,404 +8.3



Asia/Pacific


Passengers in 1,000 247 +13.0 976 +8.0



Middle East /Africa


** incl. Lufthansa Regional and Lufthansa Italia

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