Category Archives: Lufthansa

Lufthansa takes off as “Lovehansa”

Lufthansa made this announcement:

On the occasion of Pride Month, Lufthansa took on June 10 with a very special aircraft to destinations throughout Europe. The Airbus A320neo with the registration D-AINY became “Lovehansa” for the next six months.

On the outside of the aircraft, it won´t be the Lufthansa livery but “Lovehansa”, which is painted in the colors of the rainbow, which symbolizes the pride flag. The welcome panel at the entrance will also have a special rainbow design. In addition, when looking out of the aircraft window, hearts in rainbow colors can be seen on the winglets.

The first flight of the “Lovehansa” flew to destination Billund in Denmark (LH842 on  June 10).

Lufthansa is a company that stands for openness, diversity and understanding. With the “Lovehansa” special livery, the company is sending another clear signal and making this important part of its corporate culture prominently and visible to the outside world.

Lufthansa aircraft photo gallery:

Lufthansa alters its long-range Boeing order

The Lufthansa Group is buying more state-of-the-art long-haul aircraft from Boeing. The Executive Board has decided to purchase:

  • seven Boeing 787-9 long-haul passenger aircraft (above)
  • three Boeing 777F freighter aircraft (current technology)(below)
  • seven Boeing 777-8F freighter aircraft (new technology)(below)

In addition, leases for two Boeing 777F freighter aircraft (current technology), which run until 2024, will be extended.

The Supervisory Board approved the acquisition and the lease extension today.

Boeing 787-9 passenger aircraft compensate delayed 777-9

The seven highly economical and fuel-efficient 787-9 passenger aircraft are intended to fill the capacity gaps created by the delayed delivery of the Boeing 777-9 (originally scheduled for delivery in 2023, currently advised in 2025). Lufthansa will receive the aircraft, which were originally intended for other airlines, in 2025 and 2026. At the same time, the delivery dates for the Boeing 787-9s already ordered from Boeing will be revised and, in some cases, brought forward to 2023 and 2024.

Boeing 777F Freighter considering short term market developments

Demand for air freight remains persistently high. Global supply chains continue to be disrupted. To further maximize very profitable market opportunities in this business segment, Lufthansa Group is purchasing three additional Boeing 777F freighters. One freighter, which has so far been flying for another airline, will be reassigned to Lufthansa Cargo in the upcoming weeks.Two new aircraft will follow later. Additionally, contracts for two leased 777Fs will be extended.

Boeing 777-8F freighter from 2027

As one of the first customers Lufthansa Group purchased seven state-of-the-art and efficient Boeing 777-8F freighter aircraft. They are based on the new technology of the Boeing 777X. The first aircraft will be delivered starting in 2027.

Carsten Spohr, CEO of Deutsche Lufthansa AG, said:

“We continue investing in more fuel-efficient, quieter and more economical aircraft that emit significantly less CO2 . This enables us to drive our fleet modernization. By purchasing these state-of-the-art aircraft, we again underline Lufthansa Group’s ability to invest in and shape the future. Once again, we are again taking the initiative and expanding our leadership role as well as taking responsibility for the environment – with premium products for our customers and a sustainable fleet.”

With Boeing´s new long-haul aircraft, the Lufthansa Group will continue to modernize its fleet with aircraft among the most fuel-efficient and sustainable long-haul aircraft in their class. The Boeing 787-9 passenger aircraft consume about 25 percent less kerosene than their predecessors, the 777-8F freighters nearly 15 percent less kerosene. Both aircraft will have an equally positive effect on the carbon footprint.

Including the measures resolved today, the Group expects net capital expenditures of around 2.5 billion euros in 2022. Annual net capital expenditures are expected to also amount to around 2.5 billion euros up to 2024. The Group expects the cost benefits associated with fleet modernization to drive the achievement of its target to reach an Adjusted EBIT margin of at least 8% and a return on capital employed (Adjusted ROCE) of at least 10% by 2024.

Lufthansa Cargo aircraft photo gallery:

Lufthansa unveils its first Airbus A350 with its upgraded Business Class

Lufthansa has made this announcement:

Munich has a new flying ambassador. An Airbus A350-900 with the registration D-AIVC was christened on April 29 at Munich Airport by the Bavarian Minister President Dr. Markus Söder.

In his address, Carsten Spohr, Chairman of the Executive Board and CEO of Deutsche Lufthansa AG said: “The A350 is the quietest and most fuel-efficient long-haul aircraft in our fleet. With a significantly improved Business Class on board, this aircraft also represents the beginning of one of the largest product modernizations in Lufthansa’s history. This aircraft is sustainable and offers customers a premium flight experience. The “Munich” is a worthy ambassador of the Bavarian capital to the world.”

The D-AIVC now departs from the Bavarian hub for Montreal, Toronto and Vancouver in Canada.

Premium travel experience with improved Business Class

The “Munich” is the first aircraft in the Lufthansa fleet to offer its guests an improved Business Class. All seats have direct access to the aisle, can be easily and quickly converted into a two-meter-long bed and offer more storage space. In addition, travelers have significantly more space in the shoulder area.

The introduction of the improved Business Class marks the beginning of an extensive renewal of Lufthansa’s cabins. Next year, the airline will introduce a new top product in all travel classes, Economy, Premium Economy, Business and First Class, that is unparalleled in the market.

Six aircraft have already been named Munich

The A350 is already the sixth aircraft to be christened with the city’s name. This means that Lufthansa can already look back on more than six decades of flying with a “Munich”.  On October 11, 1960, a Lufthansa aircraft was named after the Bavarian capital for the first time. The “godchild” at the time, a Boeing 707 with the registration D-ABOF, was christened at what was then Munich-Riem Airport. The godmother was Ilse Vogel, wife of the then Lord Mayor Dr. Hans-Jochen Vogel. The fifth “Munich” was the Airbus A380 with the registration D-AIMB, which was christened by Edith von Welser-Ude on July 28, 2010 and which is no longer part of the Lufthansa fleet.

Reduction of CO2 emissions by 30 percent

The A350, whose fleet in Munich is being expanded from 17 to 21 aircraft, is the Lufthansa Group’s most modern and fuel-efficient long-haul aircraft. In order to accelerate the modernization of its long-haul fleet, the Lufthansa Group had signed leases for four additional Airbus A350-900s in the fall of 2021. These will all be used by the core Lufthansa brand at the Munich site, thus strengthening the premium offering there.

The A350-900 consumes only around 2.5 liters of kerosene per passenger per 100 kilometers flown. This reduces CO2 emissions by around 30 percent compared with predecessor models. The aircraft is also much quieter.

Lufthansa Aircraft Photo Gallery:

Lufthansa, Fraport and Munich Airport call for effective and fair EU climate policy

In its climate protection package, “Fit for 55,” the European Commission proposes three measures for aviation: introducing a kerosene tax, tightening emissions trading (ETS), and introducing an increasing blending mandate for sustainable aviation fuels (SAF). By 2050, aviation is to be CO2-neutral.

Lufthansa Group, Fraport and Munich Airport all support the EU’s ambitious climate protection goals and are pursuing a well defined climate protection agenda while driving forward the decarbonization of operations involving high cost investments. At the same time,all three German aviation companies are calling for a climate policy that ensures a level playing field for all, i.e., that includes competitors outside Europe. A policy is needed that prevents traffic and CO2 emissions being shifted without a climate benefit (carbon leakage).

This was explained today by Jost Lammers, CEO of Flughafen München GmbH, Dr. Stefan Schulte, Chairman of the Executive Board of Fraport AG, and Carsten Spohr, Chairman of the Executive Board of Deutsche Lufthansa AG, at a joint press conference in Frankfurt. If the current Fit for 55 plans were implemented without appropriate changes it would result in a unilateral cost increase for European network airlines and hubs. Connectivity, value creation and employment in Europe would be significantly weakened.

It is why Lufthansa Group, Fraport and Munich Airport appeal to the EU Parliament and Council to improve the proposals of the EU Commission and initiate a regulation that promotes effective climate protection while maintaining the competitiveness of European hubs and airlines. Equal treatment of airlines and airports within the EU and their non-EU competitors is crucial. Until now this has been missing. Since proposed climate protection requirements are decidedly stricter for EU airlines and hubs than for non-EU competitors corrective steps are necessary.

Carsten Spohr, Chairman of the Executive Board and CEO of Deutsche Lufthansa AG, said: “It cannot be in the interest of the EU and Europe to put European aviation at a disadvantage with Fit for 55 and thereby weaken its international competitiveness. The carbon emissions of aviation would be shifted and not reduced with the measures that are currently planned. As a result, Europe would become more dependent on third countries regarding transport policy. This cannot be the intention of policy makers.”

Dr. Stefan Schulte, CEO of Fraport AG, says: “Yes, we need more effort and speed in climate protection! It’s not a question of ‘whether’ but one of ‘how’ to pursue ambitious climate policies. As such, we want to avoid the risk of carbon leakage and of competitive distortions. In other words, achieve effective climate action AND maintain connectivity and employment in Europe.”

Jost Lammers, CEO of Flughafen München GmbH, added: “We need a fair and effective climate policy that does not put European airlines in a worse position than their competitors. A mere kerosene tax does not save a single gram of CO2. However, emissions trading and the SAF blending mandate, properly implemented do and are effective instruments for the desired decarbonization of aviation.”

MULTIMEDIA

CONTACT

Media Relations
Lufthansa Group
Germany
lufthansa-group@dlh.de
+49 69 696 2999

New Lufthansa flights to Rio and San Diego from Munich

For the first time nonstop from Munich to Rio de Janeiro and San Diego, and also again to Bangkok: Lufthansa is offering a highly attractive long-haul program from Munich this summer. Mumbai, Toronto and Washington Dulles are also back on the flight schedule after an extended break.

Now, the intercontinental network from Munich features 21 destinations, ten more than in 2021. The flights are operated by Airbus A350, the world’s most sustainable long-haul aircraft. The Airbus A350 emits 30 percent less CO2 and makes only half as much noise as previous aircraft models.

Today, LH466 took off for the first time from Munich to San Diego and is scheduled up to five times a week at 12:40 pm. Already on Sunday, LH500 to Rio de Janeiro took off at 12:15 p.m. – the inauguration of five weekly flights. Also on Sunday, LH772 started again at 10:45 p.m. for Bangkok. The flight to the Thai capital is offered daily.

Emission-free aircraft towing: Lufthansa LEOS is the launch customer of the all-electric towbarless aircraft tractor Phoenix E

Lufthansa LEOS, the ground handling specialist of the Lufthansa Group, is the launch customer of the all-electric towbarless aircraft tractor Phoenix E from German manufacturer Goldhofer. The purely battery-electric vehicle operates at Frankfurt Airport. It can move aircraft with a take-off weight of up to 352 tons over short and long distances between parking areas, maintenance hangars, and departure positions.

Emission-free aircraft towing at up to 25 kilometers per hour

After extensive testing and training, Lufthansa LEOS added the electric vehicle to the fleet. The advantages of the electric tug are apparent; it moves aircraft without emissions and noise or vibration.

With a battery capacity of 165-kilowatt hours and a drive power of 240 kilowatts, aircraft can be moved at speeds of up to 25 kilometers per hour. Because the nose wheel of the aircraft is lifted and locked, the tug can move relatively quickly and is easier to maneuver than tugs with a tow bar.

Up to 20 towing jobs a day – all-electric

When controlling the operation of the towbarless aircraft tractor, it is necessary to consider how the state of charge develops for a day because aircraft tow tractors are “workhorses.” They taxi to new parking positions in Frankfurt with the aircraft in tow for up to ten hours a day. The daily energy requirement for up to 20 towing jobs per vehicle is almost twice as high as the battery capacity. The thermo-controlled lithium-ion battery system allows rapid recharging even during short interruptions to work, which is carried out utilizing a dedicated charging infrastructure. Charging is done with green electricity. And this is already from the point of energy generation.

Lufthansa LEOS has been committed to sustainability on the ground for many years. Since 2014, the company has been testing novel, sustainable ground handling concepts with Fraport as part of the E-PORT AN initiative. In addition to the all-electric towbarless aircraft tractor, it already has two hybrid tow vehicles in operation at Frankfurt Airport.

On the ground: conversion to CO2-neutral mobility by 2030

Since 2020, the Lufthansa Group has been sourcing exclusively green electricity in its home market. As a further measure, the Group is converting there to CO2-neutral mobility on the ground by 2030.

Lufthansa to launch a new regional subsidiary in 2023

Lufthansa’s CEO Carstan Spohr has confirmed plans to launch a new regional airline in Germany that should operate with its regional subsidiary CityLine.

The new airline will have its own Airline Operator Certificate (AOC) and is being targeted to launch services in early 2023.

No name has been announced.

Lufthansa Group expects strong travel season – Operating loss cut by more than two-thirds in 2021

Carsten Spohr, CEO of Deutsche Lufthansa AG:

“2021, was a challenging year for the Lufthansa Group and its employees. And 2022 also begins with developments that worry us as citizens of this continent. Our Airlines connect people, cultures and economies. We stand for international understanding and peace in Europe and around the world. Our thoughts are with the people of Ukraine and with our colleagues on the ground, to whom we are providing every possible support.

The Lufthansa Group used the past financial year to further renew itself. We have decisively and consistently advanced and implemented the transformation and restructuring of the company. Today, the Lufthansa Group is more efficient and more sustainable than before the pandemic.

Even in the financially most difficult two years in our history, in which painful cuts were unavoidable, we acted in a socially responsible manner and sustainably secured 105,000 jobs in the Lufthansa Group.

We are very certain that air traffic will experience a strong upswing this year. Our strategy of expanding the private travel segment has proved successful and is paying off. People want to travel. They seek and need personal contact – especially after two years of pandemic and the associated social restrictions. The pent up demand for leisure and business travel was already significantly noticeable in 2021 – and this trend is set to intensify in 2022.

The Coronavirus crisis has taken its toll on all of us. The pandemic presented our customers, shareholders and our employees with extreme challenges. We are now leaving the crisis behind us, mentally and – in view of the strong booking figures this year – also commercially and face the next challenge strengthened.”

Result 2021

The Lufthansa Group generated revenue of 16.8 billion euros in the fiscal year 2021, around 24 percent more than in the previous year (previous year: 13.6 billion euros).

An increase in passengers, the transformation and restructuring of the company, and the associated cost reductions contributed to a significant improvement in earnings. The company returned to profit in the third quarter due to strong summer travel months. For the full year, the operating loss was significantly reduced, despite the third and fourth pandemic wave and the resulting travel restrictions. Adjusted EBIT in 2021 was -2.3 billion euros (previous year: -5.5 billion euros). Excluding restructuring costs of 581 million euros, Adjusted EBIT was -1.8 billion euros. The Adjusted EBIT margin improved accordingly to -14.0 percent (previous year:   -40.1 percent).

Compared with the pre-crisis level, the structural decrease in personnel expenses, excluding one-off restructuring expenses, effects from short-time working and temporary measures, amounted to 10 percent. With the implementation of additional planned measures, the decrease will be 15 to 20 percent. At the end of last year, the Lufthansa Group employed around 105,000 employees, more than 30,000 fewer than before the start of the Coronavirus pandemic.

The Group net income improved by 67 percent to -2.2 billion euros (previous year: -6.7 billion euros).

Lufthansa Cargo posts record result, Lufthansa Technik and LSG generate profit

The positive earnings trend in the logistics segment continued in the financial year 2021. High demand for freight capacities combined with a limited offer due to a global lack of freight capacity on passenger aircraft and disruptions to supply chains, especially in shipping, ensured that average yields continued to rise. Lufthansa Cargo benefited from this and almost doubled its Adjusted EBIT year-on-year to 1.5 billion euros (previous year: 772 million euros). This is the best result of its history.

By contrast, Network Airlines’ earnings were still heavily impacted by the Corona pandemic in the fiscal year 2021. Adjusted EBIT remained clearly negative at
-3.5 billion euros but improved by 25 percent year-on-year (previous year:
-4.7 billion euros).

Eurowings benefited in particular from the return of demand in the private travel segment, especially last summer. Cost reductions as part of the restructuring program also contributed to the improvement in earnings. Adjusted EBIT increased by 67 percent to -230 million euros (previous year: -703 million euros).

Lufthansa Technik posted a clearly positive result last year. The provider of aircraft maintenance, repair and overhaul services benefited from the recovery in air traffic. Lufthansa Technik achieved an Adjusted EBIT of 210 million euros (previous year: -383 million euros).

The LSG catering division also returned to profitability, posting an Adjusted EBIT of 27 million euros (previous year: -284 million euros), mainly thanks to the recovery of air traffic in North America.

Passenger numbers and traffic development

During the past year, significantly more passengers flew with the Lufthansa Group airlines than in 2020. In total, 47 million passengers were welcomed on board. That was an increase of 29 percent compared to the previous year. The number of flights in 2021 increased by almost 18 percent compared to 2020. As a result of the significant increase in demand, a total of 32 percent more seat kilometers were offered last year than in the previous year.

Alongside the dynamic growth in demand for air travel, the number of offered flights was significantly expanded over the course of the year. While at the beginning of 2021 the offered capacity still only amounted to 21 percent (compared to 2019), by the end of the year the airlines had reached an offered capacity of 60 percent.

In line with expectations, average offered capacity amounted to 40 percent of 2019 capacity for the year.

Free cash flow excluding special effects only slightly negative, liquidity above target value

The Lufthansa Group continued to place a particular focus on consistent cash management in 2021. At 1.3 billion euros, gross capital expenditure remained considerably below pre-pandemic levels. Through strict management of receivables and payables and the significant increase in new bookings, the Group achieved a significant improvement in Adjusted Free Cash Flow to -855 million euros (prior year: -3.7 billion euros). Excluding the payment of taxes amounting to 810 million euros that had been deferred in the previous year, Adjusted Free Cash Flow was close to breakeven at -45 million euros.

In the past year, the Lufthansa Group significantly improved its balance sheet through numerous transactions on the financial market. A successful capital increase, the issue of six bonds and the conclusion of 20 aircraft financings clearly document the confidence of the financial markets in the company. The repayable funds raised as part of the WSF stabilization measures were repaid in full earlier than expected.

As of December 31, 2021, the Lufthansa Group’s available liquidity of 9.4 billion euros was above the long-term target corridor of 6 to 8 billion euros.

Other balance sheet ratios also improved notably in the financial year. Pension liabilities decreased to around 6.7 billion euros, mainly due to an increase in the interest rate used to discount pension obligations (previous year: 9.5 billion euros). As a result of the capital increase, net debt decreased to 9.0 billion euros (previous year: 9.9 billion euros). Equity tripled to 4.5 billion euros (previous year: 1.4 billion euros).

Remco Steenbergen, CFO of Deutsche Lufthansa AG:

“We used the past year to significantly strengthen our balance sheet. Our financing measures on the equity and debt side show that we again have a very good and broad market access. Our liquidity is more than twice as high compared to the pre-crisis level. This, combined with our structural cost savings, gives us a very good financial basis to further expand our strong market position.”

Transformation and restructuring lead to significant cost reductions

The successful continuation of the company’s ambitious transformation and restructuring program led to a further significant reduction in costs in the Group. In the meantime measures have been implemented which will reduce costs by around 2.7 billion euros per year. Thereby more than 75 percent of the annual cost savings of 3.5 billion euros targeted by 2024 have already been secured. This has been achieved primarily by reducing personnel costs, increasing productivity, improving processes at the passenger airlines, Lufthansa Cargo and the Group functions, and the modernization of the fleet. The company continues to examine the sale of subsidiaries that are not part of the core business of the Group. AirPlus and the remaining part of LSG’s catering business after the sale of the European part, are to be sold as soon as market conditions permit. A partial sale or a partial IPO are still being pursued for Lufthansa Technik. The closing of the transaction is intended for 2023.

Outlook

The Lufthansa Group expects a significant increase in demand for air travel in the current year. In February, our customers have booked more flight tickets than at any time since the beginning of the pandemic. The number of bookings for the Easter and summer holiday periods has almost reached the level of 2019. To some destinations, the number of bookings has even tripled (compared to 2019). For the Easter vacations, Lufthansa alone will therefore offer more than 50 additional flights to meet all booking requests. Overall, in this year the Lufthansa Group airlines offer a greater variety of tourist destinations than ever before, with more than 120 classic vacation destinations. Demand is particularly strong for destinations in the USA and the Mediterranean.

In line with the growing demand, flight schedules are further expanded. For the summer, the company expects capacity to increase to around 85 percent compared to 2019. On short- and medium-haul routes, the figure is expected to be around 95 percent. Eurowings will even offer more capacity in the summer than in 2019. For the year as a whole, the Lufthansa Group expects an average capacity of more than 70 percent compared to 2019.

The entire airline industry will be confronted with increasing external costs in 2022. Air traffic control and airport charges are significantly increasing. Additional burdens also result from the rising oil price. However, the Group expects to be significantly less affected by this cost inflation than its competitors. It has for example started to hedge at an early stage against rising fuel prices and the increase in the cost of emissions certificates.

Major uncertainties regarding the dramatic developments in Ukraine and the economic and geopolitical consequences of the conflict, as well as remaining uncertainties regarding the course of the pandemic, do not allow to provide a detailed financial outlook at present.

In 2022 however, the company expects further year-on-year improvements in Adjusted EBIT and Adjusted free cash flow. After a challenging first quarter, which is still impacted by the spread of the Omicron variant, the Lufthansa Group expects a significant improvement in operating results in the following quarters.

Building on the progress we forecast for 2022, the Lufthansa Group confirms its communicated targets for 2024 (Adjusted EBIT margin of at least 8% and Adjusted ROCE of at least 10%).

Remco Steenbergen, CFO of Deutsche Lufthansa AG:

“Our ambition is clear – we want to return to positive results as quickly as possible. We have laid the foundations for this, above all by implementing our cost reduction program. The strong recovery in demand in recent weeks also gives us cause for optimism. We cannot yet foresee how the significant increase in geopolitical uncertainties will affect demand and the economic environment. Nevertheless, we will be able to continue and accelerate our economic recovery in 2022.”

Connect the world – protect its future

The Lufthansa Group has set itself ambitious climate protection goals and aims to halve its net CO₂ emissions by 2030 compared to 2019 and to achieve a neutral CO₂ balance by 2050. The company is focusing in particular on accelerated fleet modernization. Last year, the Lufthansa Group took delivery of eleven new aircraft. In 2022, the company expects to take delivery of 29 more fuel-efficient, quiet and efficient aircraft, including four Airbus A350-900s and five Boeing 787-9 long-haul aircraft. The use of sustainable aviation fuels and innovative new offers for customers to make their air travel CO₂-neutral will further reduce CO₂ emissions.

The company’s clear goal is to continue to play a pioneering role in aviation for more and better climate protection in the future. The Lufthansa Group bundles its numerous sustainability initiatives and partnerships in the “CleanTech Hub”, where impulses from science, industry and the global start-up scene are combined with the company’s extensive airline know-how. Experts are currently collaborating on more than 80 projects – which include the production of sustainable aviation fuels using sunlight, the use of artificial intelligence for flight route optimization in real time, the development and the implementation of a fuel-saving surface technology for passenger aircraft that imitates the properties of the particularly streamlined shark skin.

Investments in new premium customer offerings

The clear goal in 2022 is to once again consistently offer the premium service that passengers rightly expect from the Lufthansa Group. Several measures are underway in order to achieve this. For example, the digital offerings and self-service options will be consistently expanded and the processes at the airports optimized for our customers. Onboard service will not only be restored to the usual premium standard as soon as the pandemic-related hygiene protection measures permit but will also be improved further. The company is also investing in renewing and expanding the infrastructure, for example in the lounges.

Further information

Further information on the results of individual business units will be published in the Annual Report. It will be published at the same time as this press release on March 3, 2022, at 7:00 a.m. CET at http://www.lufthansagroup.com/investor-relations.

The annual press conference will be streamed live on http://www.lufthansagroup.com from 10:00 a.m. CET. The analyst call will be streamed live on https://investor-relations.lufthansagroup.com/en/publications/financial-reports.html from 13:00 CET.

Lufthansa Group     January – December October – December
2021  2020  Δ   2021 2020  Δ 
Total revenue EUR million 16,811 13,589 +24% 5,833 2,594 +125%
of which traffic revenue EUR million 11,876 9,078 +31% 4,326 1,674 +158%
EBIT EUR million -2,316 -7,353 +69% -193 -1,496 +87%
Adjusted EBIT1  EUR million -2,349 -5,451 +57% -271 -1,290 +79%
Network Airlines EUR million -3,486 -4,674 +25% -586 -1,024 +43%
Eurowings EUR million -230 -703 +67% -86 -237 +64%
Logistics EUR million 1,493 772 +93% 552 326 +69%
MRO EUR million 210 -383 nmf. 47 -175 nmf.
Catering EUR million 27 -284 nmf. -25 -15 -67%
Others EUR million -437 -314 -39% -232 -237 +2%
Adjusted EBIT
excl. restructuring cost
EUR million -1,768 -5,218 +66% -145 -1,190 +88%
Net profit/loss EUR million -2,191 -6,725 +67% -314 -1,141 +73%
Earnings per share EUR -2.99 -12.51 +76% -0.45 -2.12 +79%
               
Total Assets EUR million 42,538 39,484 +8%      
Operating cash flow EUR million 618 -2,328   158 -730  
Gross Investments EUR million 1,329 1,273 +4% 362 250 +45%
Adjusted Free  Cashflow  EUR million -855 -3,669 +77% -261 -1,090 +76%
               
Net Debt EUR million 9,023 9,922 -9%      
 
Adjusted EBIT-Margin in % -14.0 -40.1 +26.1pts. -4.6 -49.7 +45.1pts
               
Employees as of December 31   105,290 110,065 -4%      

1 Adjusted EBIT is not a measure under IFRS. Information on the calculation of the Adjusted EBIT is available in the Annual Report 2020 of Deutsche Lufthansa AG.

 

Lufthansa Group to suspend flights to Kyiv and Odessa

Lufthansa on Monday will suspend its flights to both Kyiv and Odessa in Ukraine until the end of February due to a pending Russian invasion.

Service to Lviv in western Ukraine will continue.

Lufthansa stated it is “constantly monitoring the situation and will decide on further flights at a later date.”

Austrian Airlines has also cancelled flights to both cities until the end of the month.

Swiss is also suspending service to Kyiv starting on Monday.

Flights scheduled departures from Boryspil International Airport in Kyiv for Monday:

Flight Time Destination Airline Terminal Gate Status
PQ 7123 00:05 Sharm El Sheikh Sky Up Airlines D D14 Scheduled
PQ 7131 00:15 Sharm El Sheikh Sky Up Airlines D D15 Scheduled
PC 1723 01:55 Ankara Pegasus Airlines D D4 Scheduled
PS 9407 04:35 Riga Ukraine International Airlines D Scheduled
BT 407 04:35 Riga Air Baltic D Scheduled
7B 331 07:05 Tbilisi Bees Airline D Scheduled
FR 3085 08:45 Vilnius Ryanair D Scheduled
FR 6897 09:05 Katowice Ryanair D Scheduled
FR 3277 09:05 Riga Ryanair D Scheduled
ET 4235 09:10 Istanbul Ethiopian Airlines Corporation D Scheduled
MS 9505 09:10 Istanbul Egypt Air D Scheduled
TK 8811 09:10 Istanbul Turkish Airlines D Scheduled
PS 711 09:10 Istanbul Ukraine International Airlines D Scheduled
PQ 441 09:30 Tbilisi Sky Up Airlines D Scheduled
TP 8242 09:40 Munich TAP Portugal D Scheduled
PS 415 09:40 Munich Ukraine International Airlines D Scheduled
AF 3375 09:45 Paris Air France D Scheduled
PS 775 09:45 Tel Aviv Ukraine International Airlines D Scheduled
PS 127 09:45 Paris Ukraine International Airlines D Scheduled
KL 3139 09:50 Odesa KLM D Scheduled
PS 55 09:50 Odesa Ukraine International Airlines D Scheduled
TK 458 09:50 Istanbul Turkish Airlines D Scheduled
TP 8228 09:50 London TAP Portugal D Scheduled
PS 111 09:50 London Ukraine International Airlines D Scheduled
TP 8238 09:50 Prague TAP Portugal D Scheduled
PS 9558 09:50 Istanbul Ukraine International Airlines D Scheduled
PS 807 09:50 Prague Ukraine International Airlines D Scheduled
OK 4917 09:50 Prague CSA Czech Airlines D Scheduled
7W 121 09:50 Odesa Wind Rose D Scheduled
PS 177 09:55 Vilnius Ukraine International Airlines D Scheduled
BT 7401 09:55 Vilnius Air Baltic D Scheduled
PS 101 10:00 Amsterdam Ukraine International Airlines D Scheduled
PS 9061 10:00 Lviv Ukraine International Airlines D Scheduled
KL 3097 10:00 Amsterdam KLM D Scheduled
TP 8240 10:00 Amsterdam TAP Portugal D Scheduled
7W 161 10:00 Lviv Wind Rose D Scheduled
7W 101 10:10 Dnipro Wind Rose D Scheduled
PQ 491 10:10 Istanbul Sky Up Airlines D Scheduled
PS 9001 10:10 Dnipro Ukraine International Airlines D Scheduled
PS 9041 10:15 Kharkiv Ukraine International Airlines D Scheduled
7W 141 10:15 Kharkiv Wind Rose D Scheduled
PQ 821 10:15 Beauvais Sky Up Airlines D Scheduled
PQ 741 10:20 Barcelona Sky Up Airlines D Scheduled
PQ 761 10:40 Madrid Sky Up Airlines D Scheduled
PS 311 10:40 Milan Ukraine International Airlines D Scheduled
TP 8218 10:40 Milan TAP Portugal D Scheduled
FR 976 10:55 Vienna Ryanair D Scheduled
LH 2547 11:25 Munich Lufthansa D Cancelled
J2 9684 11:30 Baku Buta Airways D Scheduled
FR 3199 11:30 Berlin Ryanair D Scheduled
FR 6421 12:10 Madrid Ryanair D Scheduled
RK 3678 12:40 London Ryanair Uk D Scheduled
7W 727 12:45 Belgrade Wind Rose D Scheduled
FR 9193 13:10 Paphos Ryanair D Scheduled
G9 262 13:25 Sharjah Air Arabia D Scheduled
LO 752 13:55 Warsaw LOT Polish Airlines D Scheduled
RK 9228 14:10 Manchester Ryanair Uk D Scheduled
TK 7869 14:25 Ankara Turkish Airlines D Scheduled
FZ 1728 14:25 Dubai Flydubai D Scheduled
FR 2112 14:30 Cologne Ryanair D Scheduled
7B 511 14:45 Alicante Bees Airline D Scheduled
TK 1256 15:05 Istanbul Turkish Airlines D Scheduled
PS 9556 15:05 Istanbul Ukraine International Airlines D Scheduled
FR 3167 15:10 Warsaw Ryanair D Scheduled
7W 113 15:15 Ivano-Frankivsk Wind Rose D Scheduled
PS 9013 15:15 Ivano-Frankivsk Ukraine International Airlines D Scheduled
PS 9719 15:25 Prague Ukraine International Airlines D Scheduled
OK 919 15:25 Prague CSA Czech Airlines D Scheduled
7W 103 15:25 Dnipro Wind Rose D Scheduled
PS 9413 15:30 Riga Ukraine International Airlines D Scheduled
BT 403 15:30 Riga Air Baltic D Scheduled
FR 3138 16:10 Wroclaw Ryanair D Scheduled
PQ 701 16:10 Lisbon Sky Up Airlines D Scheduled
QR 296 16:40 Doha Qatar Airways Company D Scheduled
FR 7849 17:20 Bergamo Ryanair D Scheduled
FR 7853 17:50 Rome Ryanair D Scheduled
FZ 1730 18:25 Dubai Flydubai D Scheduled
LO 754 18:55 Warsaw LOT Polish Airlines D Scheduled
PS 897 19:40 Chisinau Ukraine International Airlines D Scheduled
PS 777 20:00 Tel Aviv Ukraine International Airlines D Scheduled
PS 9085 20:10 Zaporizhzhia Ukraine International Airlines D Scheduled
PS 611 20:10 Yerevan Ukraine International Airlines D Scheduled
7W 125 20:10 Odesa Wind Rose D Scheduled
7W 185 20:10 Zaporizhzhia Wind Rose D Scheduled
TP 6751 20:10 Odesa TAP Portugal D Scheduled
FR 2741 20:10 Karlsruhe/Baden Baden Ryanair D Scheduled
PS 53 20:10 Odesa Ukraine International Airlines D Scheduled
FR 3832 20:15 Venice Ryanair D Scheduled
FR 3832 20:15 Treviso Ryanair D Scheduled
PS 9005 20:20 Dnipro Ukraine International Airlines D Scheduled
7W 105 20:20 Dnipro Wind Rose D Scheduled
7W 145 20:25 Kharkiv Wind Rose D Scheduled
FR 3069 20:25 Barcelona Ryanair D Scheduled
PS 9045 20:25 Kharkiv Ukraine International Airlines D Scheduled
PS 9065 20:30 Lviv Ukraine International Airlines D Scheduled
7W 165 20:30 Lviv Wind Rose D Scheduled
PS 9556 20:40 Istanbul Ukraine International Airlines D Scheduled
TK 460 20:40 Istanbul Turkish Airlines D Scheduled
FR 3826 20:55 Naples Ryanair D Scheduled
FR 3077 21:15 Bratislava Ryanair D Scheduled
PS 9102 21:40 Almaty Ukraine International Airlines D Scheduled
KC 202 21:40 Almaty Air Astana D Scheduled
FR 3175 21:45 Gdansk Ryanair D Scheduled
FR 7263 22:50 Krakow Ryanair D Scheduled
FR 6918 23:20 Warsaw Ryanair D Scheduled

Worldwide air traffic developments create new perspectives for Lufthansa Group pilots

The Coronavirus pandemic continues having a very serious impact on airlines and its employees. After two years in “crisis mode,” Lufthansa Group flight operations still has to cope with half the number of passengers in the first quarter of 2022 compared to the first quarter of 2019.

For captains, the crisis-related Lufthansa Airlines staff surplus has already been reduced in a socially acceptable way with a successful voluntary leave program. Lufthansa also plans to offer first officers the opportunity to exit from their contracts. Additionally, collective part-time agreements can also alleviate existing personnel surplus. Lufthansa continues to discussing this with its social partners.

This means, Lufthansa Airlines will waive compulsory redundancies for cockpit staff.

Michael Niggemann, Executive Board Member for Human Resources and Legal Affairs at Deutsche Lufthansa AG, said: “We have worked hard in recent weeks and months to avert compulsory redundancies for the cockpit staff of our core brand – despite the pandemic’s serious impact. It is a great success that we have succeeded to do so.”

The global crisis made painful decisions unavoidable in almost all companies of Lufthansa Group. For example, passenger flight operations of Germanwings was permanently suspended. Some pilots were and can still be transferred to Eurowings until 31 March 2022. An additional 80 pilots will join Lufthansa Airlines in Munich. Solutions continue being sought for all other pilots affected, thereby offering the prospect of continued employment in an existing or newly established Lufthansa Group flight operation.

For pilots 55 and older, Lufthansa Cargo offers a voluntary early retirement program. A remaining need for further reductions will be accomplished by a voluntary leave program designed to avert compulsory redundancies, including pilots not close to retirement age, or possible transfers to Lufthansa Airlines. The goal is to find solutions together with the social partners.

Better prospects in the long term

In the long term, the global recovery in demand for air transport will again lead to significantly better prospects for pilots – both within and outside the Lufthansa Group. For this reason, the Lufthansa Group’s new flight school under the umbrella of Lufthansa Aviation Training will start training new pilots as of summer 2022. The theoretical part of the approximately 24-month training program will take place in Bremen or Zurich; the practical part will take place at locations in Goodyear, Arizona/USA, Grenchen/Switzerland or Rostock-Laage/Germany. In the future, training will lead to receiving an EASA-certified ATP license that qualifies for entry-level positions within and outside the Lufthansa Group. The goal is quality training and maximizing career prospects for graduates.