Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Lufthansa Posts Higher Traffic, Capacity In March - Update

Deutsche Lufthansa AG (DLAKY.PK,DLAKF.PK) on Thursday reported growth in traffic, capacity and load factor for the month of March, with contribution from all traffic regions.

The group operates Lufthansa Passenger Airlines, Swiss Air, Austrian Airlines and Lufthansa Cargo.

Traffic, measured in terms of revenue-seat-kilometers, increased 7.7 percent to 16.21 billion in the month. Available-seat-kilometres, a gauge of capacity, rose 3.6 percent to 21.13 billion.

Load factor increased 3 percentage points to 76.8 percent. Cargo load factor edged up 0.1 percentage point to 69.7.

Passengers increased 5.9 percent in March to 8.17 million. The company noted that the pricing environment developed positively with all airlines in the passenger airline group reporting increases in sales and load factors.

According to the German aviation group, all traffic regions contributed to the positive trend. Sales in European traffic grew 6.6 per cent and the passenger load factor rose by 1.3 percentage points.

The Americas traffic region recorded the greatest improvement of 4.6 percentage points in the load factor, while capacity remained stable.

In the Asia/Pacific traffic region, sales grew particularly well at 12.9 per cent, partly due to the catastrophes in Japan in the same period last year.

The airlines in the Lufthansa Group carried 21.87 million passengers in the first quarter, up 4.8 per cent from last year with all carriers in the passenger airline group raising the average seat load factor of their aircraft.

The seat load factor for the quarter rose group-wide by 1.3 percentage points to 74.2 per cent. Capacity increased 2.6 per cent while traffic grew 4.4 per cent.

The stock is up 0.54 percent on the Xetra in Frankfurt at 10.12 euros on a volume of 1.65 million shares.

Register
To receive FREE breaking news email alerts for Deutsche Lufthansa AG and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
While the Commerce Department released a report on Friday showing a modest increase in new home sales in the U.S. in the month of September, the uptick came from a significantly downwardly revised level in August. Following the rally seen in the previous session, stocks may give back some ground in early trading on Friday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 38 points. The terrorist group known as the Islamic State in Iraq and the Levant (ISIL) is earning about $1 million each day by smuggling oil out of the Middle East, according to the US Treasury Department. Speaking at the Carnegie Endowment for International Peace on Thursday, Under Secretary for Terrorism and Financial Intelligence David Cohen said "ISIL has raised a significant amount of its money - many
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.