My Account Menu

CAPA Login


Register to trial CAPA Membership!

Lufthansa Group reports 1H2011 financial highlights

29-Jul-2011 12:08 PM

Lufthansa Group revenue up 11% - financial highlights:

  • Three months ended 30-Jun-2011:
    • Revenue: EUR7624 million, +11.0% year-on-year;
      • Passenger Airline Group: EUR6002 million, +14.5%;
      • Logistics: EUR761 million, +5.7%;
      • MRO: EUR1020 million, +4.6%;
      • IT services: EUR142 million, -4.1%;
      • Catering: EUR569 million, +1.1%;
    • Operating profit: EUR230 million, +44.7%;
      • Passenger Airline Group: EUR152 million, +390.3%;
      • Logistics: EUR69 million, -36.7%;
      • MRO: EUR37 million, -50.0%;
      • IT services: EUR3 million, -40%;
      • Catering: EUR19 million, +26.7%;
    • EBIT: EUR450 million, +21.6%;
    • Net profit: EUR301 million, +55.2%;
    • Passenger numbers: 28.1 million, +12.7%;
    • Passenger load factor: 78.0%, -1.3 ppt;
    • Cargo volume: 542,000 tonnes, +9.8%;
    • Cargo load factor: 65.9%, -3.2 ppts;
  • Six months ended 30-Jun-2011:
    • Total operating revenue: EUR15,435 million, +9.0%;
      • Passenger Airline Group: EUR10,851 million, +13.4%;
        • Lufthansa Passenger Airlines: EUR7394 million, +15.9%;
        • SWISS: EUR1870 million, +18.1%;
        • Austrian Airlines: EUR949 million, -1.6%;
        • bmi: EUR396 million, -5.0%;
        • Germanwings: EUR293 million, +10.2%;
      • Logistics: EUR1503 million, +17.1%;
      • MRO: EUR2047 million, +3.7%;
      • IT services: EUR289 million, -0.7%;
      • Catering: EUR1089 million, +3.1%;
    • Operating costs: EUR15,271 million, +7.3%;
      • Labour: EUR3393 million, +6.3%;
      • Fuel: EUR3029 million, +24.6%;
    • Operating profit: EUR3 million, compared to a loss of EUR171 million in p-c-p;
      • Passenger Airline Group: (EUR239 million), compared to a loss of EUR342 million in p-c-p;
        • Lufthansa Passenger Airlines: (EUR100 million), compared to a loss of EUR203 million in p-c-p;
        • SWISS: EUR104 million, +92.6%;
        • Austrian Airlines: (EUR64 million), compared to a loss of EUR70 million in p-c-p;
        • bmi: (EUR120 million), compared to a loss of EUR93 million in p-c-p;
        • Germanwings: (EUR46 million), compared to a loss of EUR39 million in p-c-p;
      • Logistics: EUR133 million, -7.6%;
      • MRO: EUR106 million, -26.9%;
      • IT services: EUR6 million, -25%;
      • Catering: EUR21 million, +61.5%;
    • EBIT (loss): (EUR128 million), compared to a profit of EUR64 million in p-c-p;
    • Net profit (loss): (EUR206 million), compared to a loss of EUR104 million in p-c-p;
    • Passenger numbers: 50.2 million, +10.1%;
      • Lufthansa Passenger Airlines: 31.2 million, +14.8%;
      • SWISS: 7.8 million, +10.6%;
      • Austrian Airlines: 5.1 million, +1.9%;
      • bmi: 2.8 million, -6.6%;
      • Germanwings: 3.4 million, -2.0%;
    • Passenger load factor: 75.4%, -1.9 ppt;
    • Cargo volume: 1.1 million tonnes, +13.9%;
    • Cargo load factor: 66.6%, -2.3 ppts;
    • Total assets: EUR29,517 million, -0.1%;
    • Cash and cash equivalents: EUR1232 million, -13.5%;
    • Total liabilities: EUR21,683 million, -3.1%. [more]

Lufthansa Group: “In the second half of the year, both the oil price and demand will remain prone to fluctuations, especially in the crisis-hit areas. All the companies in the Passenger Airline Group are therefore continuing with their individual restructuring measures and programmes to safeguard earnings. As regards capacity, all the companies are revising their plans for the winter flight timetable and adjusting them to the new demand climate. Lufthansa Passenger Airlines is continuing unabated with its Climb 2011 programme and the restructuring at Austrian Airlines and bmi is being stepped up further. All in all, the Passenger Airline Group is still expected to post year-on-year improvements in its revenue and operating result in the 2011 financial year,” Company statement. Source: Lufthansa Group, 29-Jul-2011.