Loading
13-Mar-2015 5:00 PM

Lufthansa Group forecasts adjusted EBIT of 'over' EUR1.5b in 2015

Lufthansa Group stated (12-Mar-2015) it expects to improve its financial results in 2015 and post an adjusted EBIT "of over EUR 1.5 billion", which represents "a substantial improvement on the 2014 group operating result." Lufthansa Group announced adjusted EBIT of EUR1.2 billion for 2014. The company expects a "tangible improvement" in the performance of Lufthansa German Airlines despite it continuing "to be saddled by fleet re-equipment project costs", with SWISS' result to be "broadly in line with 2014's." Austrian Airlines is expected to achieve a "substantial improvement" on its EUR10 million operating profit in 2014. Lufthansa Group CFO Simone Menne stated four factors could "largely determine ultimate profit level", including oil price developments, labour negotiations, yield development and EUR exchanges rates toward the USD and CHF in particular. [more - original PR]

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More