Lufthansa Group profit up 6% in first nine months of 2016

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

• Total operating revenue: EUR25,511 million, -3.7% year-on-year;
• • Passenger Airline Group: EUR18,166 million, -3.1%;
  • • Lufthansa Passenger Airlines: EUR11,767 million, -4.5%;
    • SWISS: EUR3347 million, -3.2%;
    • Austrian Airlines: EUR1637 million, +2.9%;
    • Eurowings: EUR1562 million, +7.5%;
  • Logistics: EUR1482 million, -15.9%;
  • MRO: EUR3809 million, +2.3%;
  • Catering: EUR2395 million, +6.1%;
• Total operating costs: EUR23,269 million, -6.7%;
• • Labour: EUR5221 million, -11.5%;
  • Fuel: EUR3696 million, -17.8%;
• EBIT (loss): EUR2330 million, +40.1%;
• • Passenger Airline Group: EUR2009 million, +48.0%;
  • • Lufthansa Passenger Airlines: EUR1580 million, +108.7%;
    • SWISS: EUR329 million, -19.2%;
    • Austrian Airlines: EUR83 million, +36.1%;
    • Eurowings: (EUR35 million), compared to a profit of EUR60 million in p-c-p;
  • Logistics: (EUR63 million), compared to a loss of EUR38 million in p-c-p;
  • MRO: EUR365 million, -6.5%;
  • Catering: EUR90 million, +30.4%;
• Net profit: EUR1851 million, +5.9%;
• Passenger numbers: 83.9 million, +1.1%;
• Passenger load factor: 79.3%, -1.8 ppts;
• Cargo load factor: 65.1%, -0.8 ppt;
• Yield: EUR 9.8 cents, -4.7%;
• Revenue per ASK: EUR 7.7 cents, -6.7%;
• Cost per ASK: EUR 7.7 cents, -11.9%;
• Total assets: EUR34,313 million;
• Cash and cash equivalents: EUR1287 million;
• Total liabilities: EUR29,461 million. [more - original PR]

Lufthansa Group: "The Lufthansa Group recently raised its earnings forecast for the full year 2016. The Group now expects to report an Adjusted EBIT approximately on previous year's level. The Lufthansa Group posted an Adjusted EBIT of EUR 1,817 million for 2015. The forecast has been primarily raised in view of the encouraging developments in short-term bookings at the end of the third-quarter period." Source: Company statement, 02-Nov-2016.