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ASSETS Current assets: Cash and cash equivalents Short-term investments Accounts and other receivables Inventories

of parts and supplies, at cost Fuel derivative contracts Deferred income taxes Prepaid expenses and other current assets Total current assets Property and equipment, at cost: Flight equipment Ground property and equipment Deposits on flight equipment purchase contracts Less allowance for depreciation and amortization Other assets Total Assets LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable Accrued liabilities Air traffic liability Current maturities of long-term debt Total current liabilities Long-term debt less current maturities Deferred income taxes Deferred gains from sale and leaseback of aircraft Other deferred liabilities Commitments and contingencies Stockholders’ equity: Common stock, $1.00 par value: 2,000,000,000 shares authorized; 807,611,634 shares issued in 2008 and 2007 Capital in excess of par value Retained earnings Accumulated other comprehensive income (loss) Treasury Stock Total Stockholders' equity Total Liabilities Average Total Liabilities

2008 $1,368 435 209 203 — 365 313 2,893 13,722 1,769 380 15,871 4,831 11,040 375 $14,308

$668 1,012 963 163 2,806 3,498 1,904 105 1,042

808 1,215 4,919 -984 -1005 4953 4,540 3446

103 6941 2.788 1.2007 $2.838 2.535 106 302 808 1.352 .286 10.443 13.069 — 57 4.213 566 279 259 1.874 1.772 $759 3.160 4.515 626 15.455 $16.207 4.107 931 41 4.019 1.241 -1.050 2.

750 134 9.61 .058 413 $645 $0. BASIC NET INCOME PER SHARE.340 3.086 3.63 $0. DILUTED 2008 $10. wages.284 468 495 515 1.023 3.070 449 130 -25 -44 92 -267 278 100 $178 $0.052 2.549 145 274 11.24 $0.180 934 128 -51 151 790 291 $499 $0.385 9.24 2007 $9. net Total other expenses (income) 171 INCOME BEFORE INCOME TAXES PROVISION FOR INCOME TAXES NET INCOME NET INCOME PER SHARE.84 2006 $8.690 616 158 560 555 1.85 $0.861 3.213 2.280 8.574 OPERATING INCOME OTHER EXPENSES (INCOME): Interest expense Capitalized interest Interest income (26) Other (gains) losses.OPERATING REVENUES: Passenger Freight Other 329 Total operating revenues OPERATING EXPENSES: Salaries. and benefits Fuel and oil Maintenance materials and repairs Aircraft rentals 154 Landing fees and other rentals Depreciation and amortization Other operating expenses Total operating expenses 10.457 130 202 9.152 791 119 -50 -84 -292 144 1.713 721 156 662 599 1.

032 4 39 14 $25 In millions 2008 2009 2010 2011 2012 After 2012 Total minimum lease payments Less amount representing interest Present value of minimum lease payments Less current portion Long-term portion Capital Leases Operating Leases $16 $400 17 335 15 298 12 235 — 195 — 876 60 $2.845 $63 $94 $2.376 Capital Leases Operating Leases $16 $376 15 324 12 249 — 203 — 152 — 728 43 $2.339 8 52 13 $39 .521) $100 $71 ($994) 2007 $2.From Consolidated Statement of Cash Flows (in millions): Net cash provided by (used in) operating activities Interest paid Income taxes Adjusted Cash Flow From 2008 Note 8 (Leases) In millions 2009 2010 2011 2012 2013 After 2013 Total minimum lease payments Less amount representing interest Present value of minimum lease payments Less current portion Long-term portion 2008 ($1.

764 8.12.919 2.Assets in € m Intangible assets with indefinite useful life* Other intangible assets Aircraft and reserve engines Repairable spare parts for aircraft Property. goodwill.320 Notes 31. Shareholders’ equity and liabilities in m Issued capital Capital reserve Retained earnings Other neutral reserves Net profit for the period Equity attributable to shareholders of Deutsche Lufthansa AG Minority interests Shareholders’ equity Pension provisions Other provisions Borrowings Other financial liabilities Advance payments received.400 291 3.2008 31.2007 34) 35) 1.244 22.845 55 6.366 1.063 36) 579 589 599 1.172 36) 1.461 349 3.172 1.900 2.140 2.366 36) 3.773 21) 3 3 23) 298 323 24) 25) 790 777 24) 25) 509 298 24) 26) 475 399 24) 27) 339 368 30) 15 22 14) 72 79 14) 28 19 14.12.380 669 586 20) 22) 1.2008 31.2007 17) 821 797 18) 261 252 19) 22) 8.528 24) 32) 1.856 63 6. plant and other equipment Investment property Investments accounted for using the equity method Other equity investments Non-current securities Loans and receivables Derivative financial instruments Accrued income and advance payments Effective income tax receivables Deferred claims for income tax rebates Non-current assets Inventories Trade receivables and other receivables Derivative financial instruments Accrued income and advance payments Effective income tax receivables Securities Cash and cash equivalents Assets held for sale Current assets Total assets *Incl.12.076 28) 581 511 24) 29) 3.161 51 6.975 14.448 24) 27) 213 481 30) 119 110 130 62 24) 31) 1. Notes 31.079 33) 97 25 7.408 22.433 8.655 6.931 1.834 1.12.015 3.444 2.098 55 37) 38) 39) 40) 41) .

626 1.408 4295.149 1.320 7710 44) 27) 39) 45) .591 22.546 289 481 51 12 8.959 1.898 1.693 388 492 99 — 8.686 247 3. accruals and deferrals and other non-financial liabilities Derivative financial instruments Actual income tax liabilities Provisions and liabilities included in disposal groups Current provisions and liabilities Total shareholders’ equity and liabilities Total average liabilities 42) 27) 39) 14) 38) 39) 40) 39) 43) 64 118 813 6.271 22.873 420 3.accruals and deferrals and other non-financial liabilities Derivative financial instruments Deferred income tax liabilities Non-current provisions and liabilities Other provisions Borrowings Trade payables and other financial liabilities Liabilities from unused flight documents Advance payments received.5 66 371 749 7.

amortisation and impairment Other operating expenses Profit from operating activities Result of equity investments accounted for using the equity method Result from other equity investments Interest income Interest expense Other financial items Financial result Profit before income taxes Income taxes Profit from continuing operations Profit from the discontinued Leisure Travel segment Profit after income taxes Minority interests Net profit attributable to shareholders of Lufthansa AG Basic earnings per share in ¤ Diluted earnings per share in ¤ Notes 3) 4) 2008 19.in m Traffic revenue Other revenue Total revenue Changes in inventories and work performed by the enterprise and capitalised Other operating income Cost of materials and services Staff costs Depreciation.969 -13707 -5692 -1289 -4946 -1383 -22 -42 202 -374 -427 -579 -804 -195 -609 -609 -10 -599 1.31 1.998 4.870 178 1.3 5) 6) 7) 8) 9) 10) 11) 11) 12) 12) 13) 14) 15) 16) 16) .872 24.

61 -3.6 .2007 17.571 -11553 -5498 -1204 -4269 -1586 -223 -131 177 -371 -133 -27 -1613 -356 -1257 -503 -1760 -105 -1655 -3.852 22.568 4.420 119 1.

a.362 2007 13 164 177 -154 -9 -208 -371 -194 Income from other securities and financial loans Other interest and similar income Interest income Interest expenses on pensions obligations Interest expense on other provisions Interest and other similar expenses Interest expenses Operating leases in m Aircraft Various buildings Other leases Payments from sub-leasing 2009 2010–2013from 2014 209 343 — 213 872 215 p.644 292 p.a. 70 273 56 p. . 512 1.862 194 274 1. 492 1.a. 9 13 1 In the previous year the following figures were given for operating leases: in m 2008 2009–2012from 2013 Aircraft 196 418 — Various buildings 236 920 227 p.a.From Consolidated Statement of Cash Flows (In m): Net cash provided by (used in) operating activities Net interest paid Income taxes 12) Net interest Net Interest Adjusted Cash Flow 2008 2.a.488 271 p.a. Payments from sub-leasing 14 13 2 p.473 172 123 2007 2.973 2008 11 191 202 -119 -16 -239 -374 -172 2.a. Other leases 80 306 65 p.

691 0.488 1.488 1.644 1.65 5895.177.27 PV $460.140 0.826 0.329 0.509 -0.322 0.09 17. 31 2007 Dec.58 $1.07 $170.488 271 PV $382.90 $1. total liabilities Interest Coverage Ratio Interest Coverage Ratio after adjustment Discount Rate Southwest Lufthansa Dec.19 14.339.65 16.725 PV $478. total liabilities Liabilities to shareholders' equity Long-term debt to long-term capital ratio Operating CF to Avg.235 0.85 $558.499 0.488 1.71 $1.288 2.10 $121.07 $1.24 $1.00 Operating Lease Commitments 492 1.644 292.a.339 2. 31 2008 Dec.82 $181.58 Year 2008 2009 2010 2011 2012 2013 Annuity ($589.418 0.65 $260.56 195.74 $296.644 1.91 $156.185 0.98) Year 2008 2009 2010 2011 2012 2013 Annuity ($160.21 13.38 $1.30) .86) Year 2009 2010 2011 2012 2013 2014 Annuity ($149. 31 2008 Dec.52% 6.065.393 -13.139.00 Operating Lease Commitments $376 324 249 203 152 728 $2.23 40. 31 2007 0.569 0.438.457 0.317 0.239 2.218.160 0.302.50 47.449 -0.59 4.032 Operating Lease Commitments 512 1.90% Operating Lease Commitments $400 335 298 235 195 876 $2.691 1. Liabilities to assets Long-term debt to shareholders' equity Operating CF to Avg.16 -8.917 0.99 $196.719 0.975.83 $1.020 0.345.33 $671.58 $218.258.441 0.38 $1.95 $1.01 $1.644 1.59) Year 2009 2010 2011 2012 2013 2014 Annuity ($489.70 $306.00 7380.47 PV $359.

441 0. total liabilities Liabilities to shareholders' equity Long-term debt to long-term capital ratio Operating CF to Avg. total liabilities Liabilities to shareholders' equity Long-term debt to long-term capital ratio Operating CF to Avg.317 1. total liabilities Interest Coverage Ratio B Southwest 0. 31 2007 Liabilities to assets Long-term debt to shareholders' equity Operating CF to Avg.288 -13.322 -0. total liabilities Liabilities to shareholders' equity Long-term debt to long-term capital ratio Operating CF to Avg.90% #VALUE! #DIV/0! #REF! #DIV/0! #DIV/0! #REF! #REF! . 31 2008 Liabilities to assets Long-term debt to shareholders' equity Operating CF to Avg. 31 2007 Liabilities to assets Long-term debt to shareholders' equity Operating CF to Avg. total liabilities Liabilities to shareholders' equity Long-term debt to long-term capital ratio Operating CF to Avg.868 #DIV/0! #VALUE! #DIV/0! 1.569 -0. total liabilities Interest Coverage Ratio #VALUE! #VALUE! #REF! #VALUE! #VALUE! #REF! #REF! 6.52% 1.000 #DIV/0! #VALUE! Lufthansa C D E Dec.917 0. total liabilities Interest Coverage Ratio Discount Rate Dec. total liabilities Interest Coverage Ratio Discount Rate Dec. 31 2008 Liabilities to assets Long-term debt to shareholders' equity Operating CF to Avg.50 4.A 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 Dec.