Lufthansa achieves best results yet
15 / 03 / 2018
Lufthansa Group achieved its best-ever results in 2017, with total revenues up 12.4% to €35.6bn and earnings growth primarily driven by its airlines – including cargo.
A combination of cost reductions and strong demand helped Lufthansa Cargo to improve its adjusted EBIT by almost €300m to €242m, a statement said.
For the year ahead, the group anticipates stable revenue development overall. Higher fuel costs of some €700m are expected to be largely offset by improved operating performance during 2018.
“We will continue to consistently pursue our modernisation,” said Carsten Spohr, chairman of the executive board and chief executive of Deutsche Lufthansa. “And in doing so, we will retain our clear focus on reducing our costs and at the same time raising our quality. This is the only way to sustainably increase our profitability.”
Spohr’s contract as chief executive was extended on March 14 for another five years.