Lufthansa Cargo performance bolsters Group Q3 results

Strong demand and continuing high yields at Lufthansa Cargo resulted in the Group’s Logistics business segment raising its nine-month adjusted EBIT (earnings before interest and tax) 56.1% to €153 m.
However, despite the strong performance in both cargo and the core airlines of the Group (Lufthansa, SWISS and Austrian Airlines), significant costs relating to the integration of Eurowings into the Lufthansa Group pulled the overall results down.
Nonetheless the group posted adjusted EBIT of €2.4 bn for the first nine months of 2018, 7.7% below the record high it achieved for the same period of last year but still the second-best nine-month result in its history, noted Carsten Spohr, chairman of the executive board and chief executive of Deutsche Lufthansa.
“And had it not been for the losses at Eurowings, we would have posted another record earnings result,” he pointed out.
The group still expects to post a slight increase in unit revenues for this year as a whole – although it noted that fuel costs continue to rise and is forecasting an overall adjusted EBIT for 2018 that is slightly below the record level seen last year.

Share this story

Related Topics

Latest airlines news

AirBridgeCargo extends handling partnership with Frankfurt Cargo Services

AirBridgeCargo Airlines (ABC) has renewed its cargo handling contract at Frankfurt/Main Airport with Frankfurt Cargo Services (FCS). FCS, a subsidiary…

Read More

Share this story

United first to fly aircraft full of passengers using 100% SAF

United has operated a flight that will serve as a turning point in the industry’s effort to combat climate change….

Read More

Share this story

Dronamics to unveil first production Black Swan aircraft

Dronamics, a developer and operator of large cargo drones, is set to launch its Black Swan unmanned plane that can…

Read More

Share this story