logo
Share SHARE
FONT-SIZE Plus   Neg

Lufthansa Group FY Profit Up 4.6%

Aviation group Lufthansa Group (DLAKF,DLAKY) Thursday reported that its full-year net profit rose 4.6 percent to 1.776 billion euros from last year's 1.698 billion euros.

Operating profit or EBIT grew more than 35 percent to 2.275 billion euros, while adjusted EBIT slid 3.6 percent to 1.752 billion euros. EBITDA, a key earnings metric, climbed 19.7 percent to 4.065 billion euros.

During the year, total revenue slid 1.2 percent to 31.660 billion euros, and traffic revenue fell 3.3 percent to 24.661 billion euros.

In the year, total number of passengers grew 1.8 percent to 109.7 million. Revenue seat kilometers grew 2.8 percent, and available seat kilometers rose 4.6 percent. Passenger load factor edged down 1.4 percentage points to 79.1 percent.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Cable-cutters have now one more reason to do so as live television streaming will be available on YouTube TV in 14 more markets in the U.S. Facebook Chief Operating Officer Sheryl Sandberg has donated nearly $100 million in Facebook shares to charity. This is her second charitable donation within a year. A document was filed on Thursday with the Security and Exchange Commission, which shows that Sandberg transferred shares to a special fund she uses for charitable donations. Ford Motor Co.'s new CEO Jim Hackett has taken a more cautious approach to the automaker's plans for rolling out autonomous vehicles. Ford is currently undertaking a 100-day review of its operations and Hackett indicated at delays to the company's plans to launch a fully-autonomous vehicle by 2021.
comments powered by Disqus
Follow RTT