Lufthansa Group reports strong profit growth in first nine months of 2015

Lufthansa Group revenue up 7% - financial highlights for nine months ended 30-Sep-2015:

• Total operating revenue: EUR26,488 million, +9.9% year-on-year;
• • Passenger Airline Group: EUR18,739 million, +5.9%;
  • • Lufthansa Passenger Airlines: EUR13,754 million, +5.9%;
    • SWISS: EUR3459 million, +8.4%;
    • Austrian Airlines: EUR1591 million, +1.1%;
  • Logistics: EUR1763 million, -0.2%;
  • MRO: EUR3723 million, +16.3%;
  • Catering: EUR2258 million, +15.2%;
• Total operating costs: EUR24,941 million, +7.8%;
• • Labour: EUR5902 million, +8.2%;
  • Fuel: EUR4494 million, -13.2%;
• EBIT (loss): EUR1663 million, +58.7%;
• • Passenger Airline Group: EUR1357 million, +133%;
  • • Lufthansa Passenger Airlines: EUR834 million, +145%;
    • SWISS: EUR407 million, +92.9%;
    • Austrian Airlines: EUR61 million, compared to a loss of EUR4 million in p-c-p;
  • Logistics: (EUR38 million), compared to a profit of EUR69 million in p-c-p;
  • MRO: EUR399 million, +6.4%;
  • Catering: EUR69 million, +23.2%;
• Net profit: EUR1748 million, +263%;
• Passenger numbers: 83.0 million, +2.3%;
• Passenger load factor: 81.2%, +0.6 ppt;
• Cargo volume: 1.4 million tonnes, -2.0%;
• Cargo load factor: 65.8%, -3.4 ppts;
• Yield: EUR 10.2 cents, +2.1%;
• Revenue per ASK: EUR 8.2 cents, +2.8%;
• Cost per ASK: EUR 8.8 cents, +0.3%;
• Total assets: EUR10,145 million;
• Cash and cash equivalents: EUR919 million;
• Total liabilities: EUR26,977 million. [more - original PR]

Lufthansa Group: "The refined Adjusted EBIT forecast for the full year reflects the strong third-quarter performance and the anticipated relief in fuel costs. Lufthansa expects pricing in its passenger airline business to worsen again in the fourth quarter of the year. Demand has deteriorated noticeable again in the last few weeks. But in view of the further falls in oil prices over the past few months, Lufthansa now expects to report total fuel costs for 2015 of EUR 5.7 billion, some EUR 300 million less than forecast after the first six months." Source: Company statement, 29-Oct-2015.