Lufthansa: first Q1 profit since 2008

But group sticks to cautious message on outlook
Lufthansa moved to a first-quarter operating profit this year, in what could be seen as a further sign headwinds are easing for Europe’s airlines from falling ticket prices.
In its first operating profit in the typically weak winter quarter since 2008, the airline group posted €25 million profit before interest and taxes for the January-March period – a positive swing from the €53 million loss the year before. Sales rose 11% to €7.69 billion.
It had already said ticket pricing was improving following a long period of drops in fares. However, it was the group’s maintenance and cargo units that delivered the strongest results.
CFO Ulrik Svensson cautioned that there was not yet “sufficient visibility on the bookings in the important third quarter” for an adjustment.
There was a net loss for the quarter, of €68 million, compared to €8 million a year ago, due to issues such as currency hedges. For now, the group is sticking to its full-year guidance, which is slightly below that of last year.
MarketWatch

x

Check Also

Star Alliance, airlines, digital, technology, share, data, members, mobile, app, website, seat, book, interoperability

Star Alliance improves digital inter-usability

The alliance creates a digital services platform for customers using more than one member airline.

Infare, Harald Eisenaecher, appointment, management, Lufthansa, Sabre, airfare, pricing, intelligence, technology

Top executive joins Danish airfare intelligence firm

Danish provider of intelligence worldwide appoints Sabre and Lufthansa veteran.

Sunexpress, Lufthansa, Lithuania, Vilnius, Airbus, lease, Avion, Turkish Airlines, Antalya

Lufthansa venture to lease Lithuanian planes

Joint venture between Lufthansa and Turkish Airlines to lease five A320s from Vilnius.

Billund Airport looks ahead to busy 2018

Western Danish airport smashes new records for 2017

Lufthansa beats Ryanair as Europe’s top airline

Lufthansa Group as a whole carried 130 million passengers in 2017

Bergen two new routes, Billund one

Air France and Wizz Air announce fresh expansions