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Lufthansa Group operating profit down 20%, net loss of EUR13m in 2011

16-Mar-2012 12:58 PM

Lufthansa Group operating revenue up 7% - financial highlights:

  • Total operating revenue: EUR31,197 million, +6.7% year-on-year;
    • Passenger Airlines Group: EUR22,290 million, +11.2%;
      • Lufthansa Passenger Airlines: EUR15,689 million, +12.2%;
      • SWISS: EUR3942 million, +14.0%;
      • Austrian Airlines: EUR2047 million, +0.7%;
      • Germanwings: EUR687 million, +9.0%;
      • British Midland: EUR865 million, -3.5%;
    • Logistics: EUR2943 million, +5.3%;
    • MRO: EUR4093 million, +1.9%;
    • IT Services: EUR599 million, +0.7%;
    • Catering: EUR2299 million, +2.2%;
  • Total operating costs: EUR30,424 million, +9.3%;
    • Labour: EUR6678 million, +2.9%;
    • Fuel: EUR6276 million, +26.4%;
    • Passenger Airline Group: EUR23,046 million, +12.1%;
      • Fuel: EUR5769 million, +25.4%;
      • Labour: EUR3874 million, +5.8%;
  • Operating profit (loss): EUR820 million, -19.6%;
    • Passenger Airline Group: EUR349 million, -44.5%;
      • Lufthansa Passenger Airlines: EUR168 million, -56.0%;
      • SWISS: EUR259 million, -13.1%;
      • Austrian Airlines: (EUR62 million), compared to a loss of EUR66 million in p-c-p;
      • Germanwings: (EUR52 million), compared to a loss of EUR39 million in p-c-p;
      • British Midland: (EUR199 million), compared to a loss of EUR145 million in p-c-p;
    • Logistics: EUR249 million, -19.7%;
    • MRO: EUR257 million, -4.1%;
    • IT Services: EUR19 million, +90.0%;
    • Catering: EUR85 million, +11.8%;
  • EBIT: EUR734 million, -50.4%;
  • Net profit (loss): (EUR13 million), compared to a net profit of EUR1131 million in p-c-p;
  • Total assets: EUR28,081, -4.2%;
  • Passenger numbers: 100.6 million, +8.5%;
    • Lufthansa Passenger Airlines: 65.4 million, +11.2%;
    • SWISS: 16.4 million, +8.0%;
    • Austrian Airlines: 11.3 million, +3.4%;
  • Passenger load factor: 77.6%, -2.0 ppts;
    • Lufthansa Passenger Airlines: 77.3%, -2.1 ppts;
  • Cargo volume: 2.1 million tonnes, +4.8%;
  • Cargo load factor: 66.8%, -1.4 ppt;
  • Total assets: EUR18,014 million, -1.9%;
  • Liquid funds: EUR210 million, -38.2%;
  • Liabilities: EUR7826 million, -3.5%. [more – Original PR] [more - CAPA Market Flash]

Lufthansa Group: “Altogether, the Passenger Airline Group segment is expected to increase revenue in 2012 and to generate an operating profit. The amount will depend largely on the conditions described above, in particular the development of oil prices, so that a more precise statement is not possible at the present time. From today’s perspective and subject to the same limitations on forecasting accuracy, further positive developments in revenue and the renewed achievement of an operating profit are expected for 2013,” Company statement. Source: Lufthansa Group, 15-Mar-2012.