. It was part of the first earnings report issued by the company following the
January merger of the two airlines. Fuel costs amounted to €1.1 billion, up 31 percent from a year earlier. On the revenue side, total passenger revenue jumped 15 percent year over year to surpass €3 billion. Passenger yield improved by 9 percent, including a 4 percent increase in premium yield. The company expects "significant growth in operating profit this year, with improvements in both our unit revenue and unit cost performance versus 2010 and are on track to reach our synergy targets. Our long-haul business is stable, with strength in the premium sector, but the short-haul European market remains highly competitive."