Overview
- The Lufthansa Group posted €39.6 billion in revenue, up 5% year over year, with adjusted EBIT rising to €2.0 billion and an operating margin of 4.9%.
- Consolidated net income came in at €1.3 billion, roughly flat as valuation effects on loss carryforwards capped growth.
- The airlines carried 135 million passengers as capacity increased 4% and seat load factor reached a record 83.2%.
- A 15% rise in ancillary revenue, roughly €500 million in fuel and currency savings, and €362 million fewer disruption costs supported profitability despite a 1.3% yield decline.
- Headwinds persisted from Q3 demand softness on North Atlantic and European routes and aircraft delivery delays, while results varied widely by carrier with SWISS at a 9.3% margin versus 0.9% at Lufthansa; ITA Airways contributed €90 million.