Lufthansa Group 1H net profit up 56.6%
Lufthansa Group delivered a first-half net profit of E672m (US$766.7m), up 56.6% from a net profit of E429m a year ago. The carrier said the results were primarily attributed to strong demand and lower unit costs at the group’s passenger airlines. “We have achieved the best first half-year result in our company’s history,” CFO Ulrik Svensson said. First-half revenue grew 12.7% year-over-year to E17b. Traffic revenues were up 14.2% to E13.3b. Unit costs, excluding fuel and currency effect, decreased 1.2% YOY. Adjusted EBIT was roughly doubled to over E1b (1H 2016: E529m). Cash flow from 1H operating activities rose 47.1% YOY to E3.2b, driven by the positive results and more advance bookings for the Q3 period. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-08-03/star/lufthansa-group-1h-net-profit-up-56-6
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Lufthansa Group 1H net profit up 56.6%
Lufthansa Group delivered a first-half net profit of E672m (US$766.7m), up 56.6% from a net profit of E429m a year ago. The carrier said the results were primarily attributed to strong demand and lower unit costs at the group’s passenger airlines. “We have achieved the best first half-year result in our company’s history,” CFO Ulrik Svensson said. First-half revenue grew 12.7% year-over-year to E17b. Traffic revenues were up 14.2% to E13.3b. Unit costs, excluding fuel and currency effect, decreased 1.2% YOY. Adjusted EBIT was roughly doubled to over E1b (1H 2016: E529m). Cash flow from 1H operating activities rose 47.1% YOY to E3.2b, driven by the positive results and more advance bookings for the Q3 period. <br/>
