Lufthansa Group operating profit increase in 1H2014, affirms 2014 guidance

Lufthansa Group revenue down 2% - financial highlights:

• Three months ended 30-Jun-2014:
• • Total revenue: EUR7704 million, -1.7% year-on-year;
  • • Passenger Airline Group: EUR6058 million, -1.7%;
    • Logistics: EUR578 million, -6.6%;
    • MRO: EUR1035 million, -1.1%;
    • Catering: EUR656 million, +2.5%;
    • IT: EUR160 million, +3.9%;
  • Operating profit (loss): EUR359 million, -2.1%;
  • • Passenger Airline Group: EUR236 million, -21.1%;
    • Logistics: EUR13 million, -61.8%;
    • MRO: EUR361 million, -3.5%;
    • Catering: EUR22 million, +37.5%;
    • IT: EUR6 million, +200%;
  • Net profit: EUR173 million, -32.2%;
  • Passenger numbers: 28.1 million, +1.1%;
  • Passenger load factor: 80.2%, +0.5 ppt;
  • Cargo volume: 468,000 tonnes, -6.0%;
• Six months ended 30-Jun-2014:
• • Total revenue: EUR14,166 million, -2.1%;
  • • Passenger Airline Group: EUR10,958 million, -2.4%;
    • • Lufthansa Passenger Airlines: EUR7992 million, -2.9%;
      • SWISS: EUR2040 million, -0.9%;
      • Austrian Airlines: EUR962 million, -1.5%;
    • Logistics: EUR1161 million, -4.8%;
    • MRO: EUR2088 million, +2.4%;
    • Catering: EUR1237 million, +2.3%;
    • IT: EUR318 million, +4.6%;
  • Total operating costs: EUR14,948 million, -3.7%;
  • • Fuel: EUR3243 million, -7.4%;
    • Labour: EUR3646 million, +1.1%;
  • Operating profit (loss): EUR114 million, +56.2%;
  • • Passenger Airline Group: (EUR96 million), compared to a loss of EUR64 million in p-c-p;
    • • Lufthansa Passenger Airlines: (EUR146 million), compared to a loss of EUR91 million in p-c-p;
      • SWISS: EUR92 million, +46.0%;
      • Austrian Airlines: (EUR44 million), compared to a loss of EUR35 million in p-c-p;
    • Logistics: EUR34 million, -45.2%;
    • MRO: EUR206 million, -5.9%;
    • Catering: EUR18 million, -5.3%;
    • IT: EUR11 million, +120%;
  • Net profit (loss): (EUR79 million), compared to a loss of EUR203 million in p-c-p;
  • Passenger numbers: 49.9 million, +0.8%;
  • Passenger load factor: 78.1%, stable;
  • Cargo volume: 932,000 tonnes, -3.1%;
  • Total assets: EUR29,959 million;
  • Cash and cash equivalents: EUR957 million;
  • Total liabilities: EUR24,995 million. [more - original PR - English/German] [more - original PR - II]

Deutsche Lufthansa AG: "For the full year 2014, we are confirming our profit guidance, despite the unusual adverse developments in the second quarter. This quarterly performance was shaped by a number of one-off effects, such as strikes and currency devaluations. At the same time we have presented a comprehensive work programme with quality, growth and innovation initiatives, which we will drive forward with great determination. In doing so, we are also forging the right path for strengthening the Lufthansa Group's competitiveness and future viability," Simone Menne, Chief Officer Finance & Aviation Services. Source: Company statement, 31-Jul-2014.