Lufthansa Group reports best ever first half result in 1H2017

Lufthansa Group reported (02-Aug-2017) the following financial highlights:

• Three months ended 30-Jun-2017:
  • Total revenue: EUR9260 million, +14.0% year-on-year;
    • Network airlines: EUR6168 million, +8.3%;
    • Point-to-point business segment: EUR1089 million, +99.8%;
    • Logistics: EUR589 million, +18.8%;
    • MRO: EUR1299 million, +4.1%;
    • Catering: EUR828 million, +2.6%;
  • EBIT: EUR1015 million, +79.0%;
    • Network Airlines: EUR797 million, +98.8%;
    • Point-to-point business segment: EUR56 million, compared to a loss of EUR11 million in p-c-p;
    • Logistics: EUR7 million, +40.0%;
    • MRO: EUR424 million, +3.7%;
    • Catering: EUR16 million, -38.5%;
  • Net profit: EUR740 million, +69.3%;
• Six months ended 30-Jun-2017:
  • Total operating income: EUR18,125 million, +11.4%;
    • Network Airlines: EUR11,097 million, +6.7%;
      • Lufthansa: EUR7840 million, +5.9%;
      • SWISS: EUR2271 million, +8.5%;
      • Austrian Airlines: EUR1091 million, +12.2%;
    • Point-to-point business segment: EUR1772 million, +92.2%;
    • Logistics: EUR1158 million, +18.6%;
    • MRO: EUR2754 million, +8.5%;
    • Catering: EUR1597 million, +4.7%;
  • Total operating costs: EUR17,138 million, +8.8%;
    • Labour: EUR4294 million, +7.8%;
    • Fees and charges: EUR3056 million, +10.0%;
    • Fuel: EUR2560 million, +9.5%;
  • EBIT (loss): EUR1031 million, +99.0%;
    • Network Airlines: EUR744 million, +69.5%;
      • Lufthansa: EUR547 million, +67.3%;
      • SWISS: EUR190 million, +49.6%;
      • Austrian Airlines: EUR8 million, compared to a profit of EUR1 million in p-c-p;
    • Point-to-point business segment: (EUR77 million), compared to a loss of EUR135 million in p-c-p;
    • Logistics: EUR84 million, compared to a loss of EUR46 million in p-c-p;
    • MRO: EUR223 million, +9.3%;
    • Catering: EUR14 million, -46.2%;
  • Net profit: EUR672 million, +56.6%;
  • Total assets: EUR37,901 million;
  • Cash and cash equivalents: EUR1716 million;
  • Total liabilities: EUR30,554 million. [more - original PR] [more - original PR - II]