Lufthansa Group faces profit decline despite revenue growth in Q2 2024

The Lufthansa Group has increased its second-quarter revenues by seven percent to €10 billion in 2024 (prior-year period: €9.4 billion). The Group recorded an operating profit, or Adjusted EBIT, of €686 million (prior-year period: €1.1 billion). The Group net result amounted to €469 million (prior-year period: €881 million). The prime drivers here were the 11% […]

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Lufthansa Group lowers annual forecast

Financial

On a preliminary basis, the Lufthansa Group generated an adjusted EBIT of €686 million in the second quarter of 2024 (previous year: €1.1 billion). A market-related decline in average yields in all traffic regions, particularly in Asia, had a negative impact. The unit costs of the passenger airlines remained at the previous year’s level in

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Lufthansa Group expects lower second-quarter results due to strikes

Financial

On an initial basis, the Lufthansa Group has reported an Adjusted EBIT loss of €849 million in the first quarter of 2024 (compared to a loss of €273 million the previous year). The loss exceeded expectations due to various strikes, both by different employee groups within the Group and by employees at system partners, which

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Spafax and Lufthansa Group extend and deepen partnership

Aircraft & Engines

Spafax, a global leader in in-flight entertainment and airline media solutions, has announced the continuation and deepening of its strategic partnership with Lufthansa Group, until 2028. This move aligns with Lufthansa Group’s goal of revolutionising the passenger journey by integrating state-of-the-art entertainment experiences on and off the aircraft. As part of this comprehensive partnership, Spafax

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Lufthansa Cityline will unlock the potential of more efficient flight operations with Honeywell technology

Honeywell adds Lufthansa Cityline to Flight Efficiency software user

Information Technology

Honeywell has renewed its contract with Lufthansa Group and welcomed Lufthansa Cityline as a user of Honeywell Flight Efficiency software. This cloud-based solution utilises deep data analytics to empower airlines and flight crews with actionable insights for reducing fuel consumption and carbon emissions. The software offers specific guidance to pilots, ground personnel, and various stakeholders,

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Divesture of LHT off the table, Lufthansa Group keeps sole ownership

MRO & Production

In a resolute declaration of its commitment to the future of aviation excellence, the Lufthansa Group has officially announced its decision to maintain sole ownership of Lufthansa Technik (LHT). This decision comes as the aviation industry anticipates a dynamic period of growth and innovation and Lufthansa Technik positions itself as a pivotal player in this

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