record-breaking Revenue for Lufthansa Group but Losses Persist
Lufthansa Begins the Year with Notable Deficit - Significant Surge in Revenue - Lufthansa commences the year with a substantial financial setback – revenue soars significantly
Hey there! Let's dive into the latest financials of our favorite airline group - Lufthansa, Swiss, Austrian, Brussels, Eurowings, and other smaller lines. Spoiler alert: the numbers are lookin' pretty good, but not all is peachy.
Globetrotters, rejoice! Lufthansa's uptick in air travel demand is evident as they raked in a whopping 8.1 billion euros in revenue during the first quarter. Excited CEO Carsten Spohr chirped, "The world can't get enough of our sky-high adventures! Despite all the geopolitical chaos, we're optimistic about our summer season and sticking to our ambitious 2025 outlook." The group aims to surpass last year's 1.65 billion euros operating income - and they're sending a clear “turbulence, schmurbulence” message to the competition.
The fact that Lufthansa made a record 37.6 billion euros in revenue last year is impressive - but not quite enough to silence their critics. Last year's operating profit took a massive tumble, plummeting 2.7 billion euros to approximately 1.65 billion euros. Ouch! The company might have spent more on catering for those peanuts, or maybe it was those pesky strikes that did 'em in.
Now, here's a fun fact you can impress your friends with: Did you know that operating profits for each airline within the group weren't provided for 2022? Glancing through the financial maze, individual airline data isn't super easy to come by, but it's often reported as part of the group's grand picture. So, let's just pop a squat and wait for the full report, shall we?
Got questions? Feel free to reach out, I'm here to help!
- Lufthansa
- Revenue
- Swiss International Air Lines
- Brussels
- Eurowings
- Despite the record-breaking revenue of 8.1 billion euros for Lufthansa, Swiss International Air Lines, Brussels, and Eurowings, the group began the year with a high loss.
- Lufthansa aims to surpass last year's operating income of 1.65 billion euros and is optimistic about its business outlook in 2025, despite the persistent losses.
- The financial report for 2022 does not provide the operating profits for individual airlines within the Lufthansa Group, such as Swiss International Air Lines and Eurowings.
- Operating profits for each airline within the Lufthansa Group are typically part of the grand financial picture, and more detailed information can be found in the full report.