“The Lufthansa Group continues to develop successfully,” says Carsten Spohr, Chairman of the Executive Board & CEO of Deutsche Lufthansa AG. “We are again in a stronger position today than we were a year ago. And once again we were able to convince our customers of the quality and the appeal of our products and services.”
“In a very demanding market environment,” Spohr adds, “we successfully kept the Lufthansa Group’s margins at their record prior-year levels, through consistent capacity and steering measures and, above all, through our effective cost reductions. Based on this good financial development, all our business segments developed positively in their respective markets. And by expanding our commercial joint ventures for the Network Airlines, fully acquiring Brussels Airlines and concluding the comprehensive wet-lease agreement with Air Berlin we have also strengthened our strategic position.”
“In 2017,” Spohr continues, “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.”
“The key financial indicators for the Lufthansa Group prove our financial strength and our sound business performance,” adds Ulrik Svensson, Chief Officer Finance of Deutsche Lufthansa AG. “The change in the pension system for our cabin crews, which we now also agreed on for our cockpit crews, has had a sustainable positive effect, strengthening our balance sheet and making us less dependent on volatile interest rate developments. This shows how important it is to have viable and forward-looking collective labor agreements.”
The Lufthansa Group
|January - December||4th Quarter|
of which traffic revenue
Adjusted EBIT margin
|5.5%||5.7%||-0.2 pts||1.0%||1.6%||-0.6 pts|
Net profit for the year
Cash flow from operating activities
Employees as of 31 December
Earnings per share
1) Including strike cost of 100 million EUR.
Lufthansa presents its annual report on 16 March 2017, 11:00 a.m., in Munich. The press conference will be broadcasted live via the Internet.
It comprises speeches and charts including Q&As by:
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On 16 March 2017, 9:15 a.m. CET, you can follow the analysts conference in a Live Broadcast here.
The Lufthansa Group is a global aviation group with a total of more than 550 subsidiaries and equity investments. In the financial year 2016, they were structured into the Passenger Airline Group, Logistics, MRO, Catering and Other segments.
Corporate responsibility, that is to say sustainable and responsible entrepreneurial practice, is an integral part of our corporate strategy. It means that we are committed to creating added value for our customers, employees and investors and to meeting our responsibilities toward the environment and society.
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