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Lufthansa had a lot to digest in the second quarter: the integration of parts of Air Berlin is expensive and fuel costs have also increased. But higher ticket prices more than offset these losses. Operating profit was 982 million euros, a decrease of 3% from the previous year, as announced by the AUA's mother to [+] Frankfurt.
For the current year, CEO Carsten Spohr
Operating profit is only slightly lower than
nearly three billion euros compared to the record year of 2017.
In the financial market, the news was first welcomed. In
pre-trade exchange, Lufthansa's share
gained a good percentage of value in the morning.
Eurowings and AAU down
The incorporation of bankruptcy
Air Berlin makes the Lufthansa Eurowings cheap girl
but also in the summer to create. The costs of integration
are expected to rise to around 170 million euros for the current year. In the first half, the operating loss of the division amounted to 199 million euros in
. Also for the full year, the management expects red numbers
. By 2019, however, the company should become profitable again.
Lufthansa faces rising fuel prices
. Although the group buys its fuel widely in advance
conditions, the cost of fuel in the current year
instead of expected to climb to 5.8 billion now at $ 6 billion. 39; euros.
That is 850 million
By cons, the board of directors is in favor of higher ticket prices
. In the first half of the year, average incomes
increased by 1.3% on a neutral basis. For the full year, Lufthansa expects a slight increase
. Until now, the management of
expected a total stagnation for 2018.
The offer is becoming less strong
The planned expansion of their flight offer, Lufthansa
but again slightly together. Instead of 8.5%, as expected last
it will grow by only 8% this year. In January
the council had even targeted twelve percent, but this plan
was already capped in the spring
because of the difficult integration of Air Berlin's business and delivery late new Airbus medium-haul aircraft
. 19659003] In the first half of the year Lufthansa achieved a turnover of 16.9
billion. Euro. Adjusted for accounting changes,
this corresponds to an increase of about five percent. Net profit increased by a minimum of 0.7% to 677 million euros. Operating profit, on which
management is mainly oriented, fell from just over three percent
to just over one billion euros.
The annual target remains stable
Lufthansa and Switzerland business airlines
which significantly increased their operating profit
. The Austrian subsidiary Austrian Airlines (AAU)
s' is slightly slipped into the loss zone of
at the beginning of the year due to numerous cancellations of flights. The freight business was again good: Lufthansa Cargo
was able to increase its operating profit by 60% in the first half of the year to
125 million euros.
Overall, the Lufthansa Group has made an annual profit of just over three billion euros after the first six months, only a good third has been achieved. However, the most important quarter has just begun: airlines are stealing
most of their profits during the peak summer season.
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