In today’s risk-aware times, the airline sector seems particularly exposed. There are the ever-present security threats, an exposure to highly volatile commodity prices and fierce competition for customers, particularly in the low-cost carrier arena.
As Europe’s third biggest airline, Lufthansa has faced these risks reasonably well. Unlike some other airlines, it has not been forced to add a surcharge to ticket prices in the wake of recent oil price spikes. And despite the recent growth of no-