Lufthansa Group operating profit up 25% in 3Q2014, remains confident of achieving FY profit target

Lufthansa Group revenue up 2% - financial highlights for

• Three months ended 30-Sep-2014:
• • Total revenue: EUR8458 million, +1.9% year-on-year;
  • • Passenger Airline Group: EUR6737 million, +1.2%;
    • Logistics: EUR606 million, +3.9%;
    • MRO: EUR1112 million, +4.0%;
    • Catering: EUR723 million, +6.3%;
  • Operating profit: USD735 million, +24.6%;
  • • Passenger Airline Group: EUR550 million, -2.8%;
    • Logistics: EUR17 million, compared to a loss of EUR17 million in p-c-p;
    • MRO: EUR129 million, +14.2%;
    • Catering: EUR48 million, +9.1%;
  • Net profit: USD561 million, +24.7%;
• Nine months ended 30-Sep-2014:
• • Total operating revenue: EUR24,160 million, -0.6%;
  • • Passenger Airline Group: EUR17,694 million, -1.1%;
    • • Lufthansa Passenger Airlines: EUR12,989 million, -1.4%;
      • SWISS: EUR3190 million, -0.4%;
      • Austrian Airlines: EUR1574 million, -0.2%;
    • Logistics: EUR1767 million, -1.9%;
    • MRO: EUR3200 million, +2.9%;
    • Catering: EUR1960 million, +3.8%;
  • Total operating costs: EUR23,271 million, -1.9%;
  • • Fuel: EUR5180 million, -4.9%;
    • Labour: EUR5455 million, -0.2%;
  • Operating profit: EUR849 million, +28.1%;
  • • Passenger Airline Group: EUR473 million, -8.0%;
    • • Lufthansa Passenger Airlines: EUR260 million, -17.7%;
      • SWISS: EUR217 million, +19.2%;
      • Austrian Airlines: (EUR7 million), compared to a profit of EUR19 million in p-c-p;
    • Logistics: EUR51 million, +13.3%;
    • MRO: EUR335 million, +0.9%;
    • Catering: EUR66 million, +4.8%;
  • Net profit: EUR482 million, +95.1%;
  • Total assets: EUR30,961 million;
  • Cash and cash equivalents: EUR934 million;
  • Total liabilities: EUR26,242 million. [more - original PR - English/German]

*SWISS results includes Edelweiss Air

Lufthansa Group: "The Passenger Airline Group expects the market to remain weak for the rest of the year. The positive trend in unit costs will probably not be able to offset the ongoing revenue challenges. In the fourth quarter, the reduction in planned capacity growth will provide some relief. The expectation is nonetheless that the growth in volumes will not result in revenue growth because unit revenue is lower. The forecast profit improvement will therefore essentially be achieved by the positive impact of altering the depreciation parameters." Source: Company statement, 30-Oct-2014.