Lufthansa on track for bumper 2015 result
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The Lufthansa Group has confirmed it is on course for a significantly improved full-year result in 2015, with adjusted EBIT rising by 71.4 per cent year-on-year to EUR 1.7 billion in the first nine months of 2015.
The airline says the significant earnings improvement is mainly attributable to strong summer business at the Group’s passenger airlines and continuing low oil prices. The service companies Lufthansa Technik and LSG Sky Chefs also posted significant improvement in earnings.
On the basis of these pleasing developments, Lufthansa refined its forecast for the full-year results to an Adjusted EBIT between EUR 1.75 and 1.95 billion. This forecast does not incorporate any strike-related costs which might be incurred between now and year-end.
“We are delighted to be able to present these encouraging results, which confirm that we are on the right track, and that our chosen strategy is having its desired effect,” said Carsten Spohr, Chairman of the Executive Board & CEO of Deutsche Lufthansa AG. “The realignment of the Lufthansa Group is now being reflected in good results, too. There is no question that the low oil price helped us to achieve these. But our improved earnings rest on more than this alone. We recorded outstanding passenger volumes this summer and significantly improved load factors, too.”
Total revenue for the Lufthansa Group for the nine months until 30 September 2015 amounted to EUR 24.3 billion, up 7.4 per cent on the previous year. Of this amount, EUR 19.4 billion (up 5.0 per cent) are traffic revenues.
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