11.03.2009
FLUG REVUE

Lufthansa results 2008Lufthansa profits shrink in 2008

Weniger Gewinn für LH<br /> The Lufthansa Group increased its offer and sales during the past business year. The Group posted operating profits of around 1.35 billion euros. The Group profit was 599 million euros; Last year’s figure had been 1.66 billion euros, however, it had also included 585 million euros of profit from extraordinary items.

Whereas the worldwide economic slowdown has particularly been felt in the Passenger and Catering business segments, the operating results of the remaining business segments developed positively. In the Passenger Business segment, fuel costs at record levels, strike-related losses and the decline in demand caused by the state of the world economy during the second half of the year, all had a negative effect on the result. However, the attractive premium products, a demand-oriented offer strategy and the successful integration of SWISS all played decisive roles in ensuring a year-on-year growth in sales, Lufthansa said.

The Logistics business segment achieved a significantly improved operating result during the past year. In the MRO business segment, LHT extended its advantage as the leading provider of maintenance, repair and overhaul services for civilian aircraft and recorded a year-on-year rise in its operating result. The IT Services business segment was able to profit from targeted measures aimed at improving productivity and achieved a significantly improved operating result. Despite the introduction of cost reducing and productivity improving measures, the operating result of the Catering business segment was below the figure of the previous year.

One of the most challenging years in its history lies ahead of the aviation industry said the Lufthansa Chairman and CEO looking ahead to 2009. It is not possible to forecast the duration and extent of the economic crisis. “Lufthansa stands for reliability and foresight. We cannot and will not rest on the laurels of last year’s result in this highly challenging economic environment. Lufthansa will continue to keep an eye on a solid balance sheet and maintain its financial and operational flexibility. We will continue to adjust our offer to the current demand situation.“

During the year 2008, the Lufthansa Group generated revenues totalling 24.9 billion euros, a year-on-year increase of 10.9 per cent. The traffic revenue rose by 13.8 per cent to 20 billion euros. Besides the full consolidation of SWISS in the first half of 2008, this was mainly due to the increased passenger figures with currency adjusted higher average revenues in the Passenger Transportation business segment. During the reporting period, the Group’s operating income increased by altogether 12.1 per cent to 27 billion euros.  Operating expenses rose to 25.6 billion euros during the past year, mainly as a result of the rise in fuel costs to 5.4 billion euros. This was equivalent to an increase of 39.3 per cent. This increase was due to price and quantity-related factors, as well as the change in the scope of consolidation with the full consolidation of SWISS in the first half of 2008.



Weitere interessante Inhalte
Strategiewechsel in Abu Dhabi? Etihad-Chef Hogan tritt zurück

24.01.2017 - Der Luftfahrtkonzern Etihad Group aus Abu Dhabi hat bekannt gegeben, dass sein bisheriger Präsident und Vorstandschef James Hogan in der zweiten Jahreshälfte 2017 ausscheidet. … weiter

Weitergehende Zusammenarbeit geplant Iran Air: Codeshare mit Lufthansa

18.01.2017 - Als erste westliche Airline seit dem politischen Tauwetter mit dem Iran hat die Deutsche Lufthansa eine neue Codeshare-Vereinbarung mit Iran Air geschlossen. … weiter

Italienische Presse meldet angebliche Pläne Will Etihad bei Lufthansa einsteigen?

17.01.2017 - Etihad Airways könnte, laut unbestätigten italienischen Medienberichten, als Großaktionär bei der Deutschen Lufthansa einsteigen. … weiter

Deutsches Drehkreuz ändert seine Strategie Frankfurter Passagierzahl 2016 leicht gesunken

13.01.2017 - Der Rhein-Main-Flughafen in Frankfurt musste im Jahr 2016 einen leichten Rückgang der Passagierzahlen hinnehmen. Zum Jahresende erholte sich das Aufkommen wieder. Die Fracht legte deutlich zu. … weiter

Internet auf der Kurz- und Mittelstrecke Lufthansa und Austrian gehen online

11.01.2017 - Fluggäste können bei Lufthansa und Austrian Airlines nun auch auf Europa-Strecken im Internet surfen - zunächst sogar umsonst. … weiter


  • Hersteller

    Lade...

  • Typ

    Bitte Hersteller auswählen!

FLUG REVUE 02/2017

FLUG REVUE
02/2017
09.01.2017

Abonnements
Digitalabo
E-Paper
Heft-Archiv
Einzelheft bestellen


- Ryanair greift Lufthansa an
- Bombardier liefert CS300
- Gulfstream G500
- Sea Lion fliegt
- Interview Astronaut Gerst
- Nachtschicht bei LH Technik

aerokurier iPad-App