Airline Lufthansa’s losses triple

Shares in Lufthansa slipped after it revealed operating losses tripled in the first three months of 2006 to 75m euros ($95.3m,
In March, Lufthansa said it expected its operating profit for 2006 to at least equal last year’s 577m euros.

That was despite expectations that fuel costs would rise by 22% over the year.

The carrier is targeting operating profit of 1 billion euros by 2008.

It is in the process of expansion as it fights the threat from rivals in Europe such as Ryanair.

BBC