Lufthansa reports financial results for second quarter


Lufthansa produced revenues of €9,260m in Q2 2017, reflecting a year-on-year increase of 13.96%. Moreover, the company produced EBIT of €1,015m during the quarter, demonstrating a 79% improvement.

The earnings performance is attributable primarily to strong demand and lower unit costs at the Group’s passenger airlines. Unit costs excluding fuel and currency effect declined by 3.4% in the second quarter, whilst unit revenues at constant currency were raised by 1.8%. Load factors were up on their prior-year levels in all traffic regions, despite increased capacity.

“We have achieved the best first half-year result in our company’s history,” says Ulrik Svensson, Chief Financial Officer of Deutsche Lufthansa AG. “In addition to strong demand and a robust pricing environment, this is attributable to the fact that we achieved a further structural reduction in costs. Our hard work in cutting our costs is reaping its rewards. But we must continue these endeavours: this is the most important way that our margins can be improved sustainably.”

“In view of our successful first half-year development and the better visibility into the important third-quarter period, we have raised our forecast for 2017,” says Ulrik Svensson.

Source: Lufthansa

GSCi

The world's largest collection of global supply chain intelligence

  • quickly and easily search and gain invaluable insight into the logistics industry
  • Empower everyone from business development executives to CEO level
  • Enhance the role of the market research department