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28-Oct-2011 1:24 PM

Lufthansa Group profitable in 3Q2011, expects full year profit

Lufthansa Group revenue up 10% - financial highlights for three months ended 30-Sep-2011:

  • Total revenue: EUR22,138 million, +9.6% year-on-year;
    • Passenger Airline Group: EUR17,314 million, +12.0%;
    • Logistics: EUR2220 million, +10.2%;
    • MRO: EUR3048 million, +2.2%;
    • IT Services: EUR436 million, -0.5%;
    • Catering: EUR1710 million, +2.2%;
  • Operating profit: EUR578 million, -5.6%;
    • Passenger Airline Group: EUR169 million, -22.5%;
      • Lufthansa Passenger Airlines: EUR161 million, +1.9%;
      • SWISS: EUR244 million, +25.8%;
      • Austrian Airlines: (EUR34 million), compared to a loss of EUR47 million;
      • bmi: (EUR154 million), compared to a loss of EUR90 million in p-c-p;
      • Germanwings: (EUR23 million), compared to a loss of EUR11 million in p-c-p;
    • Logistics: EUR173 million, -24.8%;
    • MRO: EUR198 million, -6.2%;
    • IT Services: EUR12 million, stable;
    • Catering: EUR56 million, +12.0%;
  • Net profit: EUR288 million, -45.0%;
  • Passenger numbers: 80.7 million, +8.1%;
  • Passenger load factor: 77.7%, -1.9 ppt;
    • Lufthansa Passenger Airlines: 77.8%, -2.1 ppts;
  • Cargo volume: 1.6 million tonnes, +8.0%;
  • Cargo load factor: 66.6%, -1.4 ppt;
  • Total assets: EUR28,825 million, -1.7% when compared to period ended 31-Dec-2010;
  • Cash and cash equivalents: EUR1021 million, -6.9% when compared to period ended 31-Dec-2010;
  • Total liabilities: EUR20,761 million, -1.0% when compared to period ended 31-Dec-2010. [more - original PR]

Lufthansa Group: "Many of our competitors are struggling to make figures that are not in the red at the end of the year. We, on the other hand, are expecting profits in the upper three-figure million euro range," Christoph Franz, chairman and CEO. Source: Lufthansa Group, 27-Oct-2011.

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