My Account Menu

CAPA Login


Register to trial CAPA Membership!

Lufthansa Group up twofold in 3Q2010, targets EUR800m full-year operating profit

29-Oct-2010 11:22 AM

Lufthansa Group revenue jump 27.5% - financial highlights:

  • Three months ended 30-Sep-2010:
    • Revenue: EUR7,568 million, +27.5% year-on-year;
      • Lufthansa Passenger Airline Group: EUR5,893 million, +28.7%;
      • Logistics: EUR731 million, +54.5%;
      • MRO: EUR1,009 million, +8.0%;
      • IT Services: EUR147 million, -1.3%;
      • Catering: EUR618 million, +10.0%;
    • Operating profit: EUR783 million, +259.2%;
      • Lufthansa Passenger Airline Group: EUR560 million, +174.5%;
      • Logistics: EUR86 million, compared with a loss of EUR66 million in p-c-p;
      • MRO: EUR66 million, -22.4%;
      • IT Services: EUR4 million, -20.0%;
      • Catering: EUR37 million, +32.1%;
    • EBIT: EUR893 million, +148.7%;
    • Net profit: EUR628 million, +200.5%;
    • Operating cash flow: EUR1,005 million, +146.3%;
  • Nine months ended 30-Sep-2010:
    • Revenue: EUR20,193 million, +24.9%;
      • Lufthansa Passenger Airline Group: EUR15,460 million, +28.3%;
        • Lufthansa Passenger Airlines: EUR10,248 million, +12.6%;
        • SWISS: EUR2,556 million, +23.7%;
        • Austrian Airlines: EUR1,538 million, n/a;
        • bmi: EUR696 million, n/a;
        • Germanwings: EUR486 million, +7.8%;
    • Operating costs: EUR21,476 million, +20.6%;
      • Labour: EUR4,820 million, +11.9%;
      • Fuel: EUR3,859 million, +47.7%;
    • Operating profit: EUR612 million, +170.8%;
      • Lufthansa Passenger Airline Group: EUR218 million, -8.8%;
        • Lufthansa Passenger Airlines: EUR18 million, +338.9%;
        • SWISS: EUR194 million, +158.7%;
        • Austrian Airlines: (EUR47 million), n/a;
        • bmi: (EUR90 million), n/a;
        • Germanwings: (EUR11 million), compared with a profit of EUR39 million in p-c-p;
    • Net profit: EUR524 million, compared with a profit of EUR31 million in p-c-p;
    • Operating cash flow: EUR2,425 million, +68.6%;
    • Total assets: EUR29,501 million, +8.1%;
    • Net indebtedness: EUR1,521 million, -20.3%;
    • Passenger numbers: 67.9 million, +22.0%;
      • Austrian Airlines: 8.2 million, +11.3%;
      • Germanwings: 6.0 million, +8.9%;
    • Passenger load factor: 79.7%, +1.7 ppt;
      • SWISS: 82.3%, +3.1 ppts;
      • Austrian Airlines: 77.2%, +3.3 ppts;
      • Germanwings: 77.8%, -3.0 ppts;
    • Cargo volume: 1.5 million tonnes, +19.3%. [more]

Lufthansa: “Based on the results achieved and the stable course of business we can revise our expectations for earnings development in the 2010 financial year upwards. In view of the substantial increase in revenue and our unwavering efforts to reach our cost targets, we now expect the operating result to exceed the EUR800 million mark,” Company statement. Source: Lufthansa, 28-Oct-2010.