17-Mar-2017 12:28 PM
Lufthansa Group reports operating profit growth despite revenue decline in 2016
Lufthansa Group revenue down 3% - financial highlights for the 12 months ended 31-Dec-2016
- Total operating revenue: EUR33,939 million, -3.3% year-on-year;
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- Passenger Airline Group: EUR23,891 million, -2.5%;
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- Lufthansa Passenger Airlines: EUR15,409 million, -4.1%;
- SWISS: EUR4471 million, -1.6%;
- Austrian Airlines: EUR2153 million, +2.4%;
- Eurowings: EUR2060 million, +7.9%;
- Logistics: EUR2084 million, -11.5%;
- MRO: EUR5144 million, +0.9%;
- Catering: EUR3194 million, +5.7%;
- Total operating costs: EUR31,749 million, -5.3%;
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- Labour: EUR7354 million, -8.9%;
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- Passenger Airline Group: EUR3828 million, -18.1%;
- Fees and charges: EUR5736 million, +1.5%;
- Fuel: EUR4885 million, -15.5%;
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- Passenger Airline Group: EUR4625 million, -15.4%;
- EBIT (loss): EUR2275 million, +35.7%;
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- Passenger Airlines Group: EUR2095 million, +43.0%;
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- Lufthansa Passenger Airlines: EUR1723 million, +112%;
- SWISS: EUR412 million, -10.8%;
- Austrian Airlines: EUR64 million, +18.5%;
- Eurowings: (EUR90 million), compared to a profit of EUR39 million in p-c-p;
- Logistics: (EUR64 million), compared to profit of EUR3 million in p-c-p;
- MRO: EUR410 million, -8.5%;
- Catering: EUR60 million, -29.4%;
- Net profit: EUR1776 million, +4.6%;
- Passengers: 109.7 million, +1.8%;
- Passenger load factor: 79.1%, -1.4 ppt;
- Average yields: EUR 9.8 cents, -5.0%;
- Revenue per ASK: EUR 7.8 cents, -6.6%;
- Cost per ASK: EUR 8.0 cents, -10.6%;
- Total assets: EUR34,697 million;
- Cash and cash equivalents: EUR1256 million;
- Total liabilities: EUR27,548 million. [more - original PR]
Lufthansa Group: "In 2017, it remains necessary to further reduce our costs. This is the only way to meet and master the decline in unit revenues and the higher fuel expenses, and at the same time to maintain and strengthen our financial stability and our investment capacities," Carsten Spohr, Chairman and CEO. Source: Company statement, 16-Mar-2017.