RE: Share price6 Mar 2025 09:09
Lufthansa Group has reported record-breaking revenue for 2024, achieving a total of EUR 37.6 billion, the highest in the company’s history. The airline group posted an operating profit (Adjusted EBIT) of EUR 1.6 billion for the full year, with a strong fourth quarter contributing EUR 468 million—an increase of EUR 66 million compared to the previous year.
The Lufthansa Group airlines carried 131 million passengers in 2024, a seven percent increase from the previous year. The load factor also reached a record 83.1%, with peak months July and August achieving almost 88%. Despite industry-wide capacity expansion leading to a 2.6% drop in average yields, revenue performance improved as the year progressed.
However, the group’s flagship Lufthansa Airlines faced challenges, with earnings declining by EUR 948 million due to delayed aircraft deliveries, increased operational costs, and compensation payments for flight disruptions. Despite this, other carriers in the group, including SWISS, Eurowings, Brussels Airlines, and Austrian Airlines, maintained strong performance, with Brussels Airlines posting its highest profit ever at EUR 60 million.