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30-Jul-2015 4:14 PM

Lufthansa Group results improve in 1H2015

Lufthansa Group revenue up 9% - financial highlights:

  • Three months ended 30-Jun-2015:
    • Total revenue: EUR8392 million, +8.9% year-on-year;
      • Passenger Airline Group: EUR6485 million, +7.1%;
      • Logistics: EUR593 million, +2.6%;
      • MRO: EUR1307 million, +26.3%;
      • Catering: EUR776 million, +18.3%;
    • EBIT (loss): EUR607 million, +40.2%;
      • Passenger Airline Group: EUR530 million, +91.3%;
      • Logistics: (EUR68 million), compared to a profit of EUR20 million in p-c-p;
      • MRO: EUR162 million, +21.8%;
      • Catering: EUR17 million, +13.3%;
    • Net profit: EUR529 million, +206%;
    • Passenger numbers: 29.4 million, +4.3%;
    • Passenger load factor: 80.3%, +0.1 ppt;
    • Yields: EUR 10.2 cents, +1.5%;
    • Revenue per ASK: EUR 8.2 cents, +1.7%;
    • Cost per ASK: EUR 8.5 cents, -0.7%;
  • Six months ended 30-Jun-2015:
    • Total operating income: EUR16,964 million, +12.3%;
    • Total revenue: EUR15,365 million, +8.5%;
      • Passenger Airline Group: EUR11,642 million, +6.3%;
      • Logistics: EUR1207 million, +4.0%;
      • MRO: EUR2556 million, +22.4%;
      • Catering: EUR1448 million, +17.1%;
    • Total operating costs: EUR16.534 million, +10.8%;
      • Labour: EUR3923 million, +7.6%;
      • Fuel: EUR2934 million, -9.5%;
    • EBIT (loss): EUR463 million, +114%;
      • Passenger Airline Group: EUR277 million, compared to a loss of EUR34 million in p-c-p;
        • Lufthansa Passenger Airlines: EUR89 million, compared to a loss of EUR73 million in p-c-p;
        • SWISS: EUR211 million, +140%;
        • Austrian Airlines: (EUR17 million), compared to a loss of EUR41 million in p-c-p;
      • Logistics: (EUR16 million), compared to a profit of EUR45 million in p-c-p;
      • MRO: EUR268 million, +12.1%;
      • Catering: EUR16 million, +77.8%;
    • Net profit: EUR954 million, compared to a loss of EUR79 million in p-c-p;
    • Passenger numbers: 50.9 million, +2.1%;
    • Passenger load factor: 78.3%, +0.3 ppt;
    • Yield: EUR 10.3 cents, +2.4%;
    • Revenue per ASK: EUR 8.1 cents, +2.8%;
    • Cost per ASK: EUR 9.1 cents, +2.3%;
    • Total assets: EUR33,088 million;
    • Cash and cash equivalents: EUR1223 million;
    • Total liabilities: EUR27,305 million. [more - original PR] [more - original PR - Austrian Airlines] [more - original PR - SWISS]

Lufthansa Group: "Demand for the Passenger Airline Group will continue to vary from region to region. The same applies to yields. Whereas yields should be higher on key routes to North America, especially due to exchange rates, further competition for Asian, African and European trading is likely to cause declining yields. Last year, the operating performance stabilised in the second half-year, which will make it increasingly challenging towards the end of 2015 to achieve relative improvements in key performance indicators compared to the previous year. The influence of exchange rates tends to decrease from September onwards, however." Source: Company statement, 30-Jul-2015.

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