Quantcast

Lufthansa reports record revenue for 2024 despite operational challenges

Delta, American Dive On Slashed Outlooks; But Two Airlines Rally
Competitors are circling Southwest after the airline announced it's going to start charging for checked bags
Exclusive: Dominican Low-Cost Carrier Arajet Wants to Disrupt NYC Market
Boeing deliveries rise 63% in February from a year earlier
Transportation Secretary Duffy Lays Out 10 Ways the FAA Is Working to Upgrade Air Traffic Control and Make Flying Safer
EasyJet pilot Paul Elsworth suspended after flying too close to mountain
Delta Air Lines bets on ‘blended-wing’ flight to reduce emissions
Europe's airlines pivot to bite size M&A deals to limit cost, regulatory burden
Dave Emerson named new CEO of Virgin Australia, replacing Jayne Hrdlicka
Ryanair DELAYS controversial new boarding pass rule to avoid summer chaos
FAA Orders Inspection, Replacement of 737NG Engine Parts
Spirit Adds New Airport, Three Routes
Delta crash passengers should take the $30,000 payment, their lawyers say. Here’s why.
Budget airline launches new cheap flights to one of the UK’s top winter sun destinations
Brazilian airline Azul to go 'back to basics' after challenging 2024
Airlines cancel flights as air travel to ‘grind to complete halt’ this week ahead of major strike action in Europe
Dramatic moment American Airlines plane diverted to Rome is escorted by fighter jets after mid-air bomb threat
Jetstar Faces Major Backlash as Nationwide System Outage Causes Travel Chaos, Stranding Passengers and Disrupting Flights Across the Australian Airline Industry
Sudden oil supply outages creating turbulence for airline industry
Southwest's layoffs dent its worker-first culture
Abu Dhabi's long-haul carrier Etihad Airways sees record $476 million profit in 2024
Jet2 warns of profits squeeze from rising costs and late bookings
Southwest bends further to activist shareholder Elliott's demands
Downgraded on a flight? Take these simple but important steps to get your money back
Delta Offers Over $2 Million to CRJ Crash Passengers
Boeing Delays Continue for Alaska, Hawaiian
Hong Kong Airlines launches daily Sydney flights
Airline to launch new bunk beds in economy on long-haul flights next year
How Airline Employees Are Coping After Deadly Washington Crash
Major airline reverses in-flight menu change amid outcry
Lufthansa reports record revenue for 2024 despite operational challenges
Policy
Webp received 1150153966416553
Carsten Spohr Chief Executive Officer | Lufthansa Group

Lufthansa Group has announced its 2024 results, highlighting that the group’s revenues climbed to its highest-ever levels due to its higher capacity, enabling the company to offset some of the strike-related losses.

In 2024, Lufthansa Group ended with revenues of €37.6 billion ($40.6 billion), a 6% increase year-on-year (YoY). The group noted that earnings climbed due to more capacity offered in 2024.

Its capacity, measured in available seat kilometers (ASK), climbed 9% YoY, resulting in the group carrying 131.3 million passengers in 2024, an increase of 7%. The total number of flights settled just shy of one million at 991,752 in 2024, or a rise of 5% from 2023. The group’s average load factor was recorded at 83.1%, slightly up from the previous year's average of 82.9%.

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.

However, the company pointed out that its operating profit, or adjusted earnings before interest and taxes (EBIT), decreased from €2.7 billion ($2.9 billion) to €1.6 billion ($1.7 billion) due to various factors including numerous strikes during the first half of \u20602024.

The strike-related impact was estimated at €450 million ($485.9 million), primarily affecting the group’s passenger airlines. Additionally, there was a significant decline in average yields at the beginning of summer due to an industry-wide capacity increase.

“Significantly higher costs, especially in Germany, also had a negative impact,” said Carsten Spohr, Chairman of the Executive Board and Chief Executive Officer (CEO) of Lufthansa Group. “Productivity in flight operations also suffered from further delays in aircraft deliveries.”

At the same time, lower interest rates enabled Lufthansa Group to protect its profits somewhat, with net profit decreasing by only around €300 million ($323.8 million), resulting in a net profit of €1.4 billion ($1.5 billion) for \u20602024.

Carsten Spohr reflected on the year saying that aviation remains an industry with strong demand for air travel even during unstable times as it enables “international understanding through cultural and economic exchange.” He added that \u2060Lufthansa\u2060 is looking back on its strongest year terms revenue and record- high load factor.

“Looking back,” Spohr said “2024 was a year two halves for \u2060Lufthansa\u2060 . In first six months we still had cope significant decline operating profit – among other things strikes delayed aircraft deliveries operational challenges our hubs ”

During second half year revenues climbed over consecutive quarters managed grow Q4 compared same quarter

Spohr concluded integration ITA Airways improvement flight operations growing customer satisfaction showed strategy correct measures positively affected results This will transformation clear goal further strengthen position global outside United States

The turnaround program initiated eight months ago focused operational stability First months improved performance Establishing City Airlines proved decision enabling operate short haul flights efficiently cost effectively program achieve gross effect around EBIT approximately

Organizations Included in this History
More News

Delta Air Lines is adjusting its service between Atlanta and Anchorage, extending flights beyond the summer travel season to a year-round offering.

May 15, 2025

Yesterday, Lufthansa City Airlines received its first Airbus A320neo at the Airbus facility in Hamburg-Finkenwerder.

Apr 9, 2025

Emirates will introduce its new Airbus A380s, featuring the latest cabins including Premium Economy, to Manchester and Milan.

Apr 9, 2025

Real-life events of snakes appearing aboard flights have been documented, evoking memories of the 2006 film "Snakes on a Plane."

Apr 9, 2025

Air France is among the largest operators of the Airbus A350.

Apr 9, 2025

Talks continue regarding the possibility of resuming direct flights between the United States and Russia.

Apr 9, 2025