Lufthansa Group benefits from significant increase in demand during the first quarter of 2022 and expects record summer for holiday travel

Lufthansa Group benefits from significant increase in demand during the first quarter of 2022 and expects record summer for holiday travel

Lufthansa Team gains from considerable increase in need all through the to start with quarter of 2022 and expects document summer for holiday journey.


* Need will increase noticeably in the initial quarter

* Lufthansa Cargo yet again with a record outcome

* Substantially beneficial Adjusted absolutely free cash stream driven by potent bookings

* Money outlook verified despite uncertain gas expense outlook

* Group programs to terminate stabilization steps in Switzerland in the next quarter

Carsten Spohr, CEO of Deutsche Lufthansa AG, claimed:

‘The world is now witnessing the great importance of knowledge and collaboration amongst people today. Aviation would make an crucial contribution to this – it strengthens the exchange in between folks. We carry on on our mission to link folks, cultures and economies in a sustainable way.

The limits on air visitors have largely been triumph over. We are now mentally ticking off the crisis and as soon as all over again major the way – more centered, extra effective and far more sustainable than before the pandemic. The past few months in distinct have clearly demonstrated how good people’s want to vacation is. New bookings are escalating from 7 days to week – among the business vacationers, but in particular for holiday vacation and leisure journey.

Source chains around the earth are continue to disrupted while demand for freight capacity continues to be substantial. This will make our strategic final decision to additional bolster Lufthansa Cargo even more important.’

To start with Quarter Benefits 2022

The Lufthansa Team recovered from the spread of the Omicron variant about the training course of the initially quarter of 2022. Following the starting of the 12 months was however burdened by higher an infection premiums particularly in the Group’s property markets, purchaser demand from customers started off to get well strongly, specially in March. In addition to high touristic demand from customers, the enterprise journey phase also recorded an increasing restoration.

When compared to the earlier calendar year, the Group additional than doubled its income to 5.4 billion euros (former yr: 2.6 billion euros). Modified EBIT amounted to

591 million euros and thereby also improved significantly as opposed to the prior yr quarter, inspite of the outcomes of the pandemic (previous 12 months:

1. billion euros). The Altered EBIT margin enhanced accordingly to

11. percent (former calendar year: -40.9 per cent). Net revenue of –584 million euros also enhanced compared to the exact quarter in the prior yr (former calendar year: –1. billion euros).

Team airlines quadruple passenger numbers

The quantity of passengers on board the Team airways much more than quadrupled in the 1st quarter as opposed to the similar interval past 12 months. Among January and March, the airways of the Lufthansa Group welcomed 13 million travellers on board (prior yr: 3 million).

As a result of the potent enhance in desire for air travel through the initially quarter, the out there capability was also significantly increased to the stop of the quarter. Among January and March 2022, passenger airline ability averaged 57 {e9f0aada585b9d73d0d08d3c277fd760092386ec23cac37d50f4b8cd792b062a} of the pre-crisis degree (171 per cent up on the former calendar year).

The Altered EBIT of the passenger airlines amounted to -1.1 billion euros (former year: –1.4 billion euros). The result was burdened by lower seat load variables especially at the beginning of the quarter, rising gas expenses and the non-recurrence of quick-time operate subsidies in the prior year. Nevertheless, yields have been close to pre-crisis stages. On extended-haul, yields even exceeded the 2019 level.

Lufthansa Cargo toughness proceeds, Lufthansa Technik achieves obviously optimistic final result

The positive earnings growth in the logistics small business segment continued in the to start with quarter of 2022. Cargo capacities throughout the world keep on to be restricted by the lack of stomach capability in passenger plane and disruption in world source chains, even though need remains significant. This benefited Lufthansa Cargo which again obtained a history consequence. Modified EBIT rose by 57 {e9f0aada585b9d73d0d08d3c277fd760092386ec23cac37d50f4b8cd792b062a} in the to start with quarter to 495 million euros (previous year: 315 million euros).

The company of Lufthansa Technik ongoing to recuperate in the first quarter of 2022. Desire for servicing and mend solutions amplified as airlines around the globe get ready for even further marketplace recovery in the coming months. Lufthansa Technik obtained a beneficial Altered EBIT of 120 million euros in the initial quarter of 2022 (earlier yr: 45 million euros). The organization device therefore enhanced its earnings by 167 p.c.

The LSG Group’s end result was down on the preceding calendar year with an Adjusted EBIT of –14 million euros (past calendar year: –8 million euros) owing to the absence of government aid actions in the United states. With out this result, the consequence would have improved.

Solid totally free money flow, liquidity carries on to improve

In the course of the to start with quarter of 2022, the range of bookings amplified sharply – in particular toward the conclusion of the quarter. Quite a few persons booked their very long-awaited Easter and summertime holidays throughout this time. Pushed by the large amount of incoming bookings, Adjusted free of charge hard cash flow was obviously constructive at 780 million euros (past calendar year: –953 million euros). As a consequence, internet debt declined to 8.3 billion euros at March 31, 2022 (Dec 31, 2021: 9. billion


At the conclude of March 2022, the firm’s offered liquidity amounted to 9.9 billion euros. Thereby, liquidity carries on to exceed the concentrate on vary of 6 to 8 billion euros. This does not however contain the signing of a revolving credit facility at the starting of April, which boosts the quantity of obtainable credit lines by 1.3 billion euros. At the conclude of December 2021, the out there liquidity of the Lufthansa Group amounted to 9.4 billion euros.

Owing to the good liquidity improvement, the enterprise intends to terminate the stabilization actions in Switzerland forward of program in the 2nd quarter. At the close of the initial quarter, SWISS experienced drawn down 210 million Swiss francs of the point out-backed personal loan facility amounting to 1.5 billion Swiss francs in total. After the reimbursement of the drawn portion, the whole credit line shall be terminated in comprehensive.

Remco Steenbergen, CFO of Deutsche Lufthansa AG:

‘Demand has recovered more rapidly and much better than envisioned in recent weeks. The current stage of bookings provides us confidence that our economical final results will more improve in the coming quarters.

We have to move as a result of rising fees to clients. In addition, the implementation of the remaining value reduction steps amounting to a superior 50 percent billion euros will add to earning our corporation as resilient as attainable in the present uncertain environment.’


The drive for people today to vacation is fantastic. In the latest weeks, much more flight tickets were acquired than at any time considering that the starting of the pandemic. Previous week (CW17), the firm marketed additional flight tickets in 1 week as in the similar interval in 2019. With more than 120 common holiday getaway places, the airways of the Lufthansa Group are supplying far more choice of vacationer destinations than ever ahead of. Places in the Usa, South America and the Mediterranean are in specially significant need. This summertime, far more folks are envisioned to fly on vacation with the airlines of the Lufthansa Group than ever prior to. The quantity of business enterprise travel in the Group is also expected to recover by the conclusion of the year to around 70 {e9f0aada585b9d73d0d08d3c277fd760092386ec23cac37d50f4b8cd792b062a} of its pre-disaster level. Thanks to continued large demand from customers in the premium section and mounting cost amounts, the Lufthansa Team expects an at the very least high-one-digit share amount increase of normal yields in the remainder of 2022 in comparison to 2021. As final result, yields will exceed the pre-disaster level of 2019.

The company designs to provide around 75 per cent of the pre-crisis capability in the 2nd quarter of 2022. This should considerably enhance the passenger airlines’ result. In the Logistics and MRO segments the favourable tendencies of the past 3 months ought to proceed.

For the comprehensive 12 months 2022, the Lufthansa Team is organizing an yearly regular passenger airline capacity of close to 75 {e9f0aada585b9d73d0d08d3c277fd760092386ec23cac37d50f4b8cd792b062a}. In the summer season, all over 95 percent of the pre-crisis capacity will be made available on European brief-haul routes and around 85 percent on the Transatlantic.

However, uncertainties keep on being for the firm’s more company development. In look at of the excessive adjustments in the price of kerosene in recent weeks, the enhancement of gasoline costs in unique cannot be precisely forecasted for the calendar year as a entire. Similarly, the results of the war in Ukraine and the major raise in inflation on shopper habits simply cannot be predicted specifically. The economic forecast for the total year continues to be unchanged for an enhancement in Modified EBIT as opposed to the prior 12 months.

Much more facts

Further details on the success of person company models will be published in the Quarterly Report. It will be published at the identical time as this push release on May possibly 5, 2022, at 7:00 a.m. CET at

At 7:00 a.m., the website traffic figures for 1st quarter 2022 will be posted at traffic-figures.html.

See extra at: benefits-from-considerable-maximize-in-desire-through-the-1st-quarter-of-2022-and-expects-report-summertime-for-getaway-vacation.html

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