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3-May-2016 4:24 PM

Lufthansa Group reports improved EBIT loss in 1Q2016, full year outlook unchanged

Lufthansa Group revenue down 1% - financial highlights for three months ended 31-Mar-2016:

  • Total operating revenue: EUR7569 million, -4.0% year-on-year;
    • Passenger Airline Group: EUR5072 million, -1.6%;
    • Logistics: EUR480 million, -21.8%;
    • MRO: EUR1290 million, +3.3%;
    • Catering: EUR719 million, +7.0%;
  • Total operating costs: EUR7590 million, -6.3%;
    • Labour: EUR1957 million, +1.8%;
    • Fees and charges: EUR1285 million, +3.1%;
    • Fuel: EUR1071 million, -18.1%;
  • EBIT (loss): (EUR49 million), compared to a loss of EUR144 million in p-c-p;
    • Passenger Airline Group: (EUR65 million), compared to a loss of EUR253 million in p-c-p;
      • Lufthansa Passenger Airlines: EUR70 million, compared to a loss of EUR183 million in p-c-p;
      • SWISS: EUR23 million, -54.9%;
      • Austrian Airlines: (EUR29 million), compared to a loss of EUR53 million in p-c-p;
      • Eurowings: (EUR86 million), compared to a loss of EUR53 million in p-c-p;
    • Logistics: EUR19 million), compared to a profit of EUR52 million in p-c-p;
    • MRO: EUR87 million, -17.9%;
    • Catering: Breakeven, compared to a loss of EUR1 million in p-c-p;
  • Net profit (loss): (EUR8 million), compared to a profit of EUR425 million in p-c-p;
  • Passenger numbers: 22.3 million, +3.6%;
  • Passenger load factor: 74.9%, -0.9 ppt;
  • Cargo traffic (FTKs): -6.2%;
  • Cargo load factor: 66.1%, -3.5 ppts;
  • Yields: EUR 9.9 cents, -6.3%;
  • Revenue per ASK: EUR 7.4 cents, -7.5%;
  • Cost per ASK: EUR 8.6 cents, -13.0%;
  • Total assets: EUR33,311 million;
  • Cash and cash equivalents: EUR1208 million;
  • Total liabilities: EUR28,492 million. [more - original PR]

Lufthansa Group: "After a solid performance in the first quarter, the Lufthansa Group is still expecting revenue and Adjusted EBIT to be slightly higher in financial year 2016 as compared with the previous year." Source: Company statement, 03-May-2016.

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