Lufthansa Airlines
| T031 | KEY FIGURES LUFTHANSA AIRLINES1) | |||
|---|---|---|---|---|
| 2024 | 2023 | Change in % | ||
| Revenue | €m | 16,564 | 16,168 | 2 |
| Operating income | €m | 17,196 | 16,884 | 2 |
| Operating expenses | €m | 17,300 | 16,025 | 8 |
| Adjusted EBITDA | €m | 683 | 1,613 | -58 |
| Adjusted EBIT | €m | -94 | 854 | |
| EBIT | €m | -116 | 866 | |
| Adjusted EBIT margin | % | -0.6 | 5.3 | -5.9 pts |
| Employees as of 31 Dec | number | 39,323 | 36,707 | 7 |
| Average number of employees | number | 38,466 | 35,834 | 7 |
| Number of flights | number | 472,439 | 454,755 | 4 |
| Passengers | thousands | 64,483 | 60,268 | 7 |
| Available seat-kilometres | millions | 182,993 | 169,573 | 8 |
| Revenue seat-kilometres | millions | 151,487 | 139,763 | 8 |
| Passenger load factor | % | 82.8 | 82.4 | 0.4 pts |
| 1) Incl. regional partners and Discover Airlines. | ||||
Lufthansa Airlines is the largest airline in Germany. It has hubs at the two biggest German airports in Frankfurt and Munich and offers its customers a premium product with transfer connections to the entire world.
The regional airlines Lufthansa CityLine, Lufthansa City Airlines, Air Dolomiti and Discover Airlines are also part of Lufthansa Airlines. Furthermore, Miles & More and the equity investment in Terminal 2 Gesellschaft in Munich belong to Lufthansa Airlines.
Fleet renewal continues
Lufthansa Airlines is driving forward the modernisation of its fleet. In the 2024 financial year the Company took delivery of seven Airbus 350s at the hub in Munich. The cutting-edge new aircraft offer additional comfort, they are quieter, more economic, more efficient and emit less CO2 than predecessor models.
To expand its capacity and in view of delays in the delivery of new long-haul aircraft, Lufthansa Airlines is reactivating its A380 fleet. Three more aircraft of this type entered service at the Munich hub in the reporting year, bringing the total number of A380s in flight operations at year-end 2024 to seven. Another followed in early 2025. This means all eight A380s are in service again.
At the end of the reporting year, the fleet of Lufthansa Airlines comprised 387 aircraft.
Leisure travel to be expanded
The leisure travel segment was strengthened further in the reporting year. Three more A320s went into service at Discover Airlines, the Lufthansa Group’s holiday airline. The aircraft had previously been used by other Lufthansa Group airlines. The Discover Airlines fleet now consists of 13 A330s and 14 A320s.
Lufthansa City Airlines starts flight operations
On 26 June 2024, Lufthansa City Airlines launched its flight operations. The airline offers competitive hub traffic and short-haul feeder services. At the end of the reporting year the airline operated four A319s and one A320neo out of Munich. Flight operations at Frankfurt are due to be expanded in 2025. The Lufthansa City Airlines fleet is set to continue growing to eleven A320neo and four A319s by the end of 2025.
It is essential for the Lufthansa Group’s market position and its planned growth on long-haul routes in the German market to a make a strong, competitive addition to its short-haul network.
Further expansion of product and services for passengers
Lufthansa Airlines is investing in the expansion of its premium positioning and adding more products and services for its passengers.
On 1 May 2024, the first scheduled flight of an Airbus A350 with the new Lufthansa cabin product Allegris took off from Munich to Vancouver. At the end of the 2024 financial year, there were already seven A350s with the Allegris in-flight product in service, some of which have featured the new Allegris First Class since November 2024. This is to be installed successively in spring 2025 in the remaining A350s that Lufthansa Airlines received in spring / summer 2024. Around 90% of Lufthansa Airlines’ long-haul fleet will fly to destinations around the world with the new Allegris product by 2028.
Lufthansa Airlines has offered new entertainment options on short and medium-haul flights since summer 2024. Passengers now have unlimited free access to around 45 well-known German and English magazines to read on their own electronic device via the FlyNet® Wi-Fi network. This new service is also available on long-haul flights equipped with the new Allegris cabin, which offer a new in-flight entertainment system in all travel classes. Lufthansa Airlines passengers in all classes can also read digital magazines on the seat screen for the first time. Also new on European flights is a range of podcasts via the FlyNet® portal.
Lufthansa Airlines also continues to develop its range of culinary products in all classes. New catering highlights were added in Business Class on long-haul flights.
Lufthansa Airlines opened a new Premium Lounge at Newark Liberty International Airport in New Jersey in summer 2024. The new lounge is for First and Business Class passengers at all airlines in the Lufthansa Group, as well as HON Circle members and Senators, and has space for some 170 guests, 25% more than before. Lufthansa currently operates around 60 lounges at 17 locations worldwide.
Lufthansa Airlines starts turnaround measures
Lufthansa Airlines launched a turnaround programme in financial year 2024 with the goal of increasing efficiency, reducing complexity and improving quality, thereby making the airline stronger for the future. The turnaround plan includes carrying out more short-haul traffic with more efficient flight operations that are better aligned with each market segment. Further efficiency gains are set to be achieved through network optimisation as well as increasing flexibility and automation. The measures planned to impact earnings as part of the turnaround programme will add up to a volume of EUR 2.5bn in 2028.
Changes in the management of Lufthansa Airlines
In order to strengthen the role of HR at Lufthansa Airlines, Astrid Neben has been appointed as a full member of the Airline Board of Lufthansa Airlines with effect as of 1 July 2024. She was previously a member of the expanded Airline Board of Lufthansa Airlines and already had full responsibility for HR at Lufthansa Airlines.
Karl Brandes has been ill since July 2024 and will not be able to exercise his function as Chief Operating Officer on the Executive Board of Lufthansa Airlines and as Accountable Manager for Lufthansa Airlines for the foreseeable future. Klaus Froese, previously responsible for Safety and Compliance Monitoring Management, and Safety Pilot Lufthansa Group & Lufthansa Airlines, took over the position on an interim basis on 15 August 2024.
Collective agreements signed with UFO and ver.di
The Employers’ Federation for Air Transport Companies (AGVL), the trade union Vereinigte Dienstleistungsgewerkschaft e.V. and the cabin staff union Unabhängige Flugbegleiter Organisation e.V. signed new wage agreements for ground and cabin staff at Lufthansa Airlines in the reporting year. ↗ Employees.
Environmental management system is confirmed
Lufthansa Airlines at the hubs in Frankfurt and Munich, and Lufthansa CityLine have again been successfully validated under the demanding European EMAS Regulation (Eco-Management and Audit Scheme). This enables Lufthansa Airlines to set an example for corporate environmental responsibility. ↗ Combined non-financial declaration.
Traffic expanded in the reporting year, yields contracted significantly
In the 2024 financial year, Lufthansa Airlines carried 64.5 million passengers and therefore 7% more than in the previous year (previous year: 60.3 million). Capacity increased by 8% year-on-year. It was thus at 86% of its 2019 pre-crisis level. Sales were up 8% on the previous year. At 82.8%, the passenger load factor was 0.4 percentage points higher than the previous year’s level (previous year: 82.4%). Yields fell by 4.4%, however, primarily due to higher pricing pressure as a result of capacity growth throughout the market – especially in Asia – and strikes in the first quarter of 2024. Traffic revenue increased by 2% to EUR 15,308m year-on-year, due to higher traffic (previous year: EUR 15,011m).
Revenue up by 2% year-on-year, Adjusted EBIT down to EUR - 94m
The expansion of flight operations drove up revenue year-on-year at Lufthansa Airlines by 2% to EUR 16,564m in the reporting period (previous year: EUR 16,168m). Operating income increased by 2% to EUR 17,196m (previous year: EUR 16,884m).
Operating expenses of EUR 17,300m were 8% higher than in the previous year (previous year: EUR 16,025m). The cost of materials and services went up by 8%. Higher fees and charges (+14%) and increased expenses for MRO services (+14%) were partly offset by lower fuel expenses (-2%) due to prices. Staff costs were 11% higher than in the previous year due to pay increases and new recruitment.
In the 2024 financial year, Adjusted EBIT at Lufthansa Airlines came to EUR -94m (previous year: EUR 854m). The Adjusted EBIT margin was -0.6% (previous year: 5.3%). EBIT came to EUR -116m (previous year: EUR 866m). The difference relative to Adjusted EBIT in the reporting year is mainly attributable to impairment losses recognised on aircraft held for sale, as well as adjustments in pension plans.