The German airline group stresses strong communication between those handling the physical and financial sides of the business as paramount to energy price risk management

Deutsche Lufthansa is one of the largest European airlines. The group runs a total of 430 passenger and cargo aircraft, which carried 53 million passengers during 2006, generating revenues of €19.8 billion. Fuel is by far the most important source of energy used by the group, with 2006 fuel costs standing at €3.4 billion, one third of direct operating costs and 17% of total expenditure. With fuels costs at record levels and airlines facing a myriad of challenges to maintain competitiveness and

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