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

2007 $2,213 566 279 259 1,069 57 4,443 13,019 1,515 626 15,160 4,286 10,874 1,455 $16,772

$759 3,107 931 41 4,838 2,050 2,535 106 302

808 1,207 4,788 1,241 -1,103 6941 2,352

OPERATING REVENUES: Passenger Freight Other 329 Total operating revenues OPERATING EXPENSES: Salaries, wages, 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 10,574 OPERATING INCOME OTHER EXPENSES (INCOME): Interest expense Capitalized interest Interest income (26) Other (gains) losses, net Total other expenses (income) 171 INCOME BEFORE INCOME TAXES PROVISION FOR INCOME TAXES NET INCOME NET INCOME PER SHARE, BASIC NET INCOME PER SHARE, DILUTED

2008 $10,549 145 274 11,023 3,340 3,713 721 156 662 599 1,385 9,070 449 130 -25 -44 92 -267 278 100 $178 $0.24 $0.24

2007 $9,457 130 202 9,861 3,213 2,690 616 158 560 555 1,280 8,152 791 119 -50 -84 -292 144 1,058 413 $645 $0.85 $0.84

2006 $8,750 134 9,086 3,052 2,284 468 495 515 1,180 934 128 -51 151 790 291 $499 $0.63 $0.61

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 ($1,521) $100 $71 ($994)

2007 $2,845 $63 $94 $2,376

Capital Leases Operating Leases $16 $376 15 324 12 249 203 152 728 43 $2,032 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 $2,339 8 52 13 $39

Assets in m Intangible assets with indefinite useful life* Other intangible assets Aircraft and reserve engines Repairable spare parts for aircraft Property, 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. goodwill. 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,

Notes 31.12.2008 31.12.2007 17) 821 797 18) 261 252 19) 22) 8,764 8,380 669 586 20) 22) 1,931 1,773 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 14,975 14,076 28) 581 511 24) 29) 3,015 3,448 24) 27) 213 481 30) 119 110 130 62 24) 31) 1,834 1,528 24) 32) 1,444 2,079 33) 97 25 7,433 8,244 22,408 22,320

Notes 31.12.2008 31.12.2007 34) 35) 1,172 1,172 36) 1,366 1,366 36) 3,140 2,063 36) 579 589 599 1,655 6,856 63 6,919 2,400 291 3,161 51 6,845 55 6,900 2,461 349 3,098 55

37) 38) 39) 40) 41)

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, 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 6,898 1,873 420 3,626 1,693 388 492 99 8,591 22,408 4295.5

66 371 749 7,149 1,686 247 3,959 1,546 289 481 51 12 8,271 22,320 7710

44) 27) 39) 45)

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, 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 19,998 4,872 24,870 178 1,969 -13707 -5692 -1289 -4946 -1383 -22 -42 202 -374 -427 -579 -804 -195 -609 -609 -10 -599 1.31 1.3

5) 6) 7) 8) 9) 10) 11) 11) 12) 12) 13)

14) 15)

16) 16)

2007 17,568 4,852 22,420 119 1,571 -11553 -5498 -1204 -4269 -1586 -223 -131 177 -371 -133 -27 -1613 -356 -1257 -503 -1760 -105 -1655 -3.61 -3.6

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 2,473 172 123

2007 2,862 194 274

1,973 2008 11 191 202 -119 -16 -239 -374 -172

2,362 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 20102013from 2014 209 343 213 872 215 p.a. 70 273 56 p.a. 492 1,488 271 p.a. 9 13 1

In the previous year the following figures were given for operating leases: in m 2008 20092012from 2013 Aircraft 196 418 Various buildings 236 920 227 p.a. Other leases 80 306 65 p.a. 512 1,644 292 p.a. Payments from sub-leasing 14 13 2 p.a.

a. 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. total liabilities Interest Coverage Ratio Interest Coverage Ratio after adjustment Discount Rate

Southwest Lufthansa Dec. 31 2008 Dec. 31 2007 Dec. 31 2008 Dec. 31 2007 0.317 0.140 0.691 0.691 1.322 0.719 0.457 0.449 -0.441 0.826 0.160 0.185 0.917 0.339 2.239 2.235 0.569 0.418 0.499 0.509 -0.288 2.020 0.329 0.393 -13.50 47.65 16.09 17.16 -8.23 40.21 13.19 14.59 4.52% 6.90%

Operating Lease Commitments $400 335 298 235 195 876 $2,339.00 Operating Lease Commitments $376 324 249 203 152 728 $2,032 Operating Lease Commitments 512 1,644 1,644 1,644 1,644 292.00 7380.00 Operating Lease Commitments 492 1,488 1,488 1,488 1,488 271

PV $382.70 $306.65 $260.99 $196.91 $156.33 $671.90 $1,975.47 PV $359.74 $296.58 $218.07 $170.10 $121.85 $558.38 $1,725 PV $478.95 $1,438.58 $1,345.71 $1,258.83 $1,177.56 195.65 5895.27 PV $460.24 $1,302.07 $1,218.01 $1,139.38 $1,065.82 $181.58

Year 2008 2009 2010 2011 2012 2013 Annuity ($589.59)

Year 2009 2010 2011 2012 2013 2014 Annuity ($489.98)

Year 2008 2009 2010 2011 2012 2013 Annuity ($160.86)

Year 2009 2010 2011 2012 2013 2014 Annuity ($149.30)

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. 31 2008 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. total liabilities Interest Coverage Ratio Discount Rate Dec. 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. total liabilities Interest Coverage Ratio

B Southwest 0.317 1.322 -0.441 0.917 0.569 -0.288 -13.50 4.52% 1.868 #DIV/0! #VALUE! #DIV/0! 1.000 #DIV/0! #VALUE! Lufthansa

Dec. 31 2008 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. total liabilities Interest Coverage Ratio Discount Rate Dec. 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. total liabilities Interest Coverage Ratio

#VALUE! #VALUE! #REF! #VALUE! #VALUE! #REF! #REF! 6.90% #VALUE! #DIV/0! #REF! #DIV/0! #DIV/0! #REF! #REF!