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Lufthansa Group operating profit down 13% in first nine months of 2012

1-Nov-2012 1:44 PM

Lufthansa Group revenue up 6% – financial highlights for nine months ended 30-Sep-2012:

  • Total revenue: EUR22,821 million, +6.1%;
    • Passenger Airline Group: EUR17,851 million, +7.0%;
      • Lufthansa Passenger Airlines: EUR13,067 million, +6.8%;
      • SWISS: EUR3194 million, +8.0%;
      • Austrian Airlines: 1648 million, +6.4%;
    • Logistics: EUR2005 million, -9.7%;
    • MRO: EUR3002 million, -1.5%;
    • IT Services: EUR448 million, +2.8%;
    • Catering: EUR1897 million, +10.9%;
  • Total operating costs: EUR23,723 million, +5.6%;
    • Fuel: EUR5567 million +21.3%;
    • Labour: EUR5107 million, +3.3%;
  • Operating profit: EUR628 million, -13.3%;
    • Passenger Airline Group: EUR345 million, -2.5%;
      • Lufthansa Passenger Airlines: EUR64 million, -53.6%;
      • SWISS: EUR163 million, -33.2%;
      • Austrian Airlines: EUR73 million, compared to a loss of EUR34 million in p-c-p;
    • Logistics: EUR66 million, -61.8%;
    • MRO: EUR227 million, +14.6%;
    • IT Services: EUR13 million, +8.3%;
    • Catering: EUR73 million, +30.4%;
  • Net profit: EUR474 million, +64.6%;
  • Passenger numbers: 78.8 million, +3.5%;
    • Lufthansa Passenger Airlines: 57.2 million, +3.6%;
    • SWISS: 12.9 million, +5.5%;
    • Austrian Airlines: 8.8 million, +2.1%;
  • Passenger load factor: 79.3%, +1.2 ppt;
    • Lufthansa Passenger Airlines: 78.7%, +0.8 ppt;
    • SWISS: 82.8%, +1.3 ppt;
    • Austrian Airlines: 77.7%, +3.5 ppts;
  • Total assets: EUR29,238 million, +4.1% when compared to period ended 31-Dec-2011;
  • Cash and cash equivalents: EUR1448 million, +63.2% when compared to period ended 31-Dec-2011;
  • Total liabilities: EUR20,804 million, +3.8% when compared to period ended 31-Dec-2011. [more – original PR]

Lufthansa Group: “Despite the revenue increase which is still expected, the Passenger Airline Group is not yet satisfied with the earnings level attained in the current financial year. From a current perspective, the operating profit for the financial year 2012 is only expected to be modest. The precise figure will depend on external factors, which remain volatile. All airlines in the group have made a commitment to the SCORE programme in order to achieve structural earnings improvements and adapt their efforts to match the higher demands. Capacity management is to be intensified at the same time. Capacity growth of 0.5% is currently forecast for the Passenger Airline Group in the financial year 2012 and in the winter flight timetable capacities are being cut by 3.0%.” Source: Company statement, 31-Oct-2012.