The Lufthansa Group has recorded its highest ever profits in the period from July to September 2024.
Revenues reached €10.7 billion (compared to €10.3 billion in the same period last year), with adjusted EBIT (operating income) at €1.3 billion (down from €1.5 billion). The high demand of the summer travel season reflected in an 88% seat occupancy rate in August. Increases in the number of flights operated and higher revenues from Lufthansa Technik contributed positively. Operating income, however, was impacted by increased operational costs and personnel expenses.
The group has faced delays in aircraft deliveries, amongst other issues, prompting Lufthansa German Airlines to start a ‘turnaround program’ to address internal structural problems. This includes cost-efficient operations on short-haul routes and optimization of the network.
For the October-December period, a higher demand than the previous year is anticipated, especially in the premium classes. The group’s full-year adjusted EBIT is expected to be between €1.4 and €1.8 billion.
