Quantcast

Lufthansa Group reports record revenue despite challenges in early 2024

Wizz Air becomes first airline to operate P&W-powered Airbus A321XLR jet
Hawaiian Airlines’ new ‘no show’ policy may make travel more expensive
BLIMP-SE OF THE FUTURE Luxury zeppelins of the future from ‘flying bum’ world’s largest aircraft to Google billionaire’s ‘impossible’ airship
Swiss Startup SmartFlyer Develops Hybrid-Electric Trainer
Global Airlines Launches Inaugural Flight, Aiming to Revive 'Golden Age of Travel'
Winning routes: American Airlines adds more than 22,000 seats for football fans following release of 2025–2026 pro schedule
Boeing scores Middle East plane deal during Trump visit
Air travel will be ‘worse’ this summer, lawmakers warn — as FAA gives infuriating update on system fixes, staffing issues
United Airlines CEO Reassures Passengers About Newark Airport Safety
American Testing Tech to Help Passengers Make Connecting Flights
British Airways to use AI in efforts to improve operations
American Airlines Tests New Tech to Help Passengers With Tight Connections During Summer Rush
Flight Diverted After Pregnant Woman on Board Goes into Labor and Delivers Her Baby: Report
United Airlines CEO Scott Kirby says "this is the most optimistic I've been in my entire career about finally getting the FAA fixed"
U.S. Transportation Secretary Sean P. Duffy Unveils Plan to Build Brand New, State-of-the-Art Air Traffic Control System
Passenger rushing for next flight can't believe what woman next to her does
Why fuel price crash won’t make flying cheaper
Kristi Noem says travelers without Real ID will still be able to fly after deadline
Frontier Airlines Announces New Routes Launching This Summer, Connecting Baltimore With Chicago O’Hare and Trenton, N.J. With Myrtle Beach, S.C.
Airlines in North America prioritize investments in cyber, AI
The evolution of the airline uniform — a cross check
Global Airlines & HiFly Operate 1st Passenger Airbus A380 Flight Between Barcelona And Berlin
American Airlines unveils ritzy new plane suites launching this summer
Airline Stocks To Keep An Eye On - April 28th
Gatwick Airport Faces Potential Strikes
50 New Routes Starting In May 2025
Report: JetBlue, United Mulling Partnership
New First-Class Suites, Futuristic Aircraft and the Top Air Travel News From April 2025
Southwest Airlines Announces Reimagined Fare Products, New Benefits for Rapid Rewards Credit Cardmembers and Tier Member Customers
New Alaska Airlines trading cards take flight this World Pilots’ Day - Alaska Airlines News
Lufthansa Group reports record revenue despite challenges in early 2024
Airports
Webp migc4zpyaur5bkwkvjsaacqkscnc
Lufthansa Boeing 787 | Lufthansa

Carsten Spohr, Chairman of the Executive Board and CEO of Deutsche Lufthansa AG, said: “Aviation is and remains an industry of the future with sustained strong demand. Especially in unstable times, it enables international understanding through cultural and economic exchange. At the Lufthansa Group, we can look back on the strongest year in our history in terms of revenue, with a new load factor record. I would therefore like to thank our guests for their loyalty and all our employees for their great commitment. ”

Spohr noted that 2024 was a year of two halves for the Lufthansa Group. The first six months saw a significant decline in operating profit due to strikes, delayed aircraft deliveries, and operational challenges at hubs. However, the trend reversed later in the year with two consecutive quarters generating over 10 billion euros each in revenue.

The integration of ITA Airways, improved flight operation stability, and growing customer satisfaction were highlighted as key factors contributing to their success. Spohr added: “This year, 2025, will be a year of transformation for us with a clear goal: to further strengthen our position as the global number one outside the United States. ”

Get the Newsletter
Sign-up to receive weekly round up of news from Sky Industry News
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

In terms of earnings, the Group increased its revenue by six percent year on year to EUR 37.6 billion due to higher flight offerings. This marked the highest revenue year in Lufthansa Group's history. The operating profit (Adjusted EBIT) was EUR 1.6 billion with an operating margin of 4.4 percent.

The decline compared to the previous year was attributed mainly to strikes which cost around EUR 450 million and other factors such as high costs and productivity issues due to delayed aircraft deliveries.

Lufthansa Group Passenger Airlines expanded capacity welcoming131 million guests aboard their aircraft—a seven percent increase from last year—with a record passenger load factor at83 .1 percent.

Average yields fell by2 .6 percent annually but showed improvement over time; however , unit revenues dropped by4 .3percent overall while unit costs rose by1 .9percent owing largelyto strikesand inflationary pressures.

Overall ,Passenger Airlines generated Adjusted EBITofEUR1billionin2024downfromEUR2billionpreviouslymainlyduetoLufthansaAirlinesearningsdeclinebyEUR948millioncausedbydelayedaircraftdeliverieshighercostsandexpensesforflightirregularitiescompensation

Organizations Included in this History
More News

Emirates has successfully retrieved a Boeing 777-300ER that was stranded in Iran for nearly a month due to regional tensions.

Jul 14, 2025

The United States Air Force (USAF) has unveiled its fiscal year 2026 budgetary request, which includes plans to acquire more Boeing KC-46A Pegasus airborne tankers.

Jul 14, 2025

Airbus has announced the appointment of Lars Wagner as the new Chief Executive of its Commercial Aircraft division.

Jul 14, 2025

Asiana Airlines is set to reintroduce the Airbus A380 on its route between Seoul Incheon and Frankfurt, replacing the smaller A350 aircraft.

Jul 14, 2025

The International Association of Machinists (IAM) in District 837 has entered a new phase of negotiations with Boeing.

Jul 14, 2025

Airbus has experienced a shift in its A350F order backlog.

Jul 14, 2025