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Lufthansa Group operating profit down 36% in 2012

15-Mar-2013 3:49 PM

Lufthansa Group revenue up 6% - financial highlights for 2012:

  • Operating revenue: EUR33,033 million, +5.9% year-on-year;
    • Passenger Airline Group: EUR23,559 million, +5.7%;
      • Lufthansa Passenger Airlines: EUR17,261 million, +5.4%;
      • SWISS*: EUR4220 million, +7.1%;
      • Austrian Airlines: EUR2158 million, +5.4%;
    • Logistics: EUR2688 million, -8.7%;
    • MRO: EUR4013 million, -2.0%;
    • Catering: EUR2503 million, +8.9%;
    • IT Services: EUR609 million, +1.7%;
  • Total operating costs: EUR31,722 million, +4.3%;
    • Fuel: EUR7392 million, +17.8%;
    • Labour: EUR7052 million, +5.6%;
  • Operating profit (loss): EUR524 million, -36.1%;
    • Passenger Airline Group: EUR258 million, -26.1%;
      • Lufthansa Passenger Airlines: (EUR45 million), compared to a profit of EUR116 million in p-c-p;
      • SWISS: EUR191 million, -26.3%;
      • Austrian Airlines: EUR65 million, compared to a loss of EUR62 million in p-c-p;
    • Logistics: EUR104 million, -58.2%;
    • MRO: EUR318 million, +23.7%;
    • Catering: EUR97 million, +14.1%;
    • IT Services: EUR21 million, +10.5%;
  • Net profit: EUR990 million, compared to a loss of EUR13 million in p-c-p;
  • Passenger numbers: 103.1 million, +2.4%;
    • Lufthansa Passenger Airlines: 74.7 million, +2.4%;
    • SWISS: 16.8 million, +3.0%;
    • Austrian Airlines: 11.5 million, +1.8%;
  • Cargo volume: 2.0 million tonnes, -7.0%;
  • Passenger load factor: 78.8%, +1.2 ppt;
    • Lufthansa Passenger Airlines: 78.1%, +0.8 ppt;
  • Cargo load factor: 66.9%, +0.1 ppt;
  • Total assets: EUR28,419 million, +1.2%;
  • Cash and cash equivalents: EUR1436 million, +61.9%;
  • Total liabilities: EUR20,121 million, +0.4%. [more – original PR]

*Includes Edelweiss Air

Lufthansa Group: “Our aim is and remains to boost profitability to a much higher level: by 2015 we want to increase our operating result by EUR1.5bn. To do so, it is vitally important to keep investing in our core business segment at the current pace. We will therefore table a proposal at the Annual General Meeting not to distribute a dividend this year. In order to ensure that the Lufthansa Group is able to pay dividends in the future, it is essential to invest all available funds in our Company today and so to contribute to making our future programme a success," Christoph Franz, chairman. Source: Company statement, 14-Mar-2013.