Ten-year overview
| T223 | TEN-YEAR OVERVIEW | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 8) | 2022 7) | 2021 6) | 2020 | 2019 | 2018 5) | 2017 4) | 2016 | 2015 | ||
| Income statement Lufthansa Group | |||||||||||
| Revenue | in €m | 37,581 | 35,442 | 30,895 | 16,811 | 13,589 | 36,424 | 35,542 | 35,579 | 31,660 | 32,056 |
| Result | |||||||||||
| Adjusted EBITDA | in €m | 3,982 | 4,910 | 3,719 | 593 | -2,890 | 4,718 | 5,016 | 5,009 | 3338 | |
| Adjusted EBIT | in €m | 1,645 | 2,682 | 1,520 | -1,666 | -5,451 | 2,026 | 2,836 | 2,969 | 1,752 | 1,817 |
| Adjusted EBIT margin | % | 4.4 | 7.6 | 4.9 | -9.9 | -40.1 | 5.6 | 8 | 8.3 | 5.5 | 5.7 |
| EBIT | in €m | 1,731 | 2,669 | 1,419 | -2,316 | -7,353 | 1,857 | 2,974 | 3,297 | 2,275 | 1,676 |
| Profit/loss before income taxes | in €m | 1,576 | 2,317 | 1,249 | -2,606 | -8,631 | 1,860 | 2,784 | 3,158 | 2,248 | 2,026 |
| Income taxes | in €m | -176 | -380 | -239 | 413 | 1865 | -615 | -588 | -784 | -445 | -304 |
| Net profit/loss attributable to shareholders of Lufthansa AG | in €m | 1,380 | 1,673 | 791 | -2,191 | -6,725 | 1,213 | 2,163 | 2,340 | 1,776 | 1,698 |
| Main cost items | |||||||||||
| Staff costs | in €m | 9,036 | 8,344 | 7,277 | 6,328 | 6,436 | 9,121 | 8,811 | 8,172 | 7,354 | 8,075 |
| Fees and charges | in €m | 5,020 | 4,487 | 3,730 | 2,155 | 1,796 | 4,523 | 4,457 | 6,357 | 5,736 | 5,651 |
| Fuel | in €m | 7,785 | 7,931 | 7,601 | 2,409 | 1,875 | 6,715 | 6,087 | 5,232 | 4,885 | 5,784 |
| Depreciation, amortisation and impairment | in €m | 2,378 | 2,242 | 2,245 | 2,351 | 4,389 | 2,776 | 2,205 | 2,383 | 1,769 | 1,715 |
| Net interest | in €m | -149 | -348 | -409 | -441 | -334 | -315 | -144 | -195 | -218 | - 170 |
| Balance sheet Lufthansa Group | |||||||||||
| Asset structure | |||||||||||
| Non-current assets | in €m | 30,736 | 29,348 | 28,080 | 29,063 | 29,444 | 31,374 | 27,559 | 24,749 | 24,504 | 23,526 |
| Current assets | in €m | 16,316 | 15,973 | 15,255 | 13,475 | 10,040 | 11,285 | 10,654 | 11,029 | 10,193 | 8,936 |
| of which liquid assets | in €m | 8,488 | 8,265 | 8,301 | 7,666 | 5,460 | 3,385 | 3,235 | 3,948 | 3,937 | 3,093 |
| Capital structure | |||||||||||
| Shareholders’ equity | in €m | 11,594 | 9,709 | 8,474 | 4,490 | 1,387 | 10,256 | 9,573 | 9,110 | 7,149 | 5,845 |
| of which issued capital | in €m | 3,068 | 3,063 | 3,060 | 3,060 | 1,530 | 1,224 | 1,217 | 1,206 | 1,200 | 1,189 |
| of which reserves | in €m | 7,094 | 4,923 | 4,554 | 3,581 | 6,542 | 7,710 | 6,083 | 5,461 | 4,084 | 2,881 |
| Liabilities | in €m | 35,458 | 35,612 | 34,861 | 38,048 | 38,097 | 32,403 | 28,640 | 26,668 | 27,548 | 26,617 |
| of which pension provisions | in €m | 2,692 | 2,895 | 2,069 | 6,676 | 9,531 | 6,659 | 5,865 | 5,116 | 8,364 | 6,626 |
| of which borrowing | in €m | 14,223 | 13,943 | 15,151 | 16,670 | 15,368 | 10,030 | 6,685 | 6,814 | 6,575 | 6,370 |
| Total assets | in €m | 47,052 | 45,321 | 43,335 | 42,538 | 39,484 | 42,659 | 38,213 | 35,778 | 34,697 | 32,462 |
| Other financial data Lufthansa Group | |||||||||||
| Capital expenditure | in €m | 3,819 | 3,609 | 2,425 | 1,356 | 1,312 | 3,666 | 3,805 | 3,529 | 2,231 | 2,568 |
| of which on tangible and intangible assets | in €m | 3,657 | 3,544 | 2,365 | 1,318 | 1,249 | 3,486 | 3,709 | 3,338 | 2,160 | 2,454 |
| of which on financial investments | in €m | 162 | 65 | 60 | 38 | 63 | 180 | 96 | 191 | 71 | 114 |
| Cash flow from operating activities | in €m | 3,892 | 4,905 | 5,168 | 399 | -2,328 | 4,030 | 4,109 | 5,368 | 3,246 | 3,393 |
| (Adjusted) Free cash flow 1) | in €m | 840 | 1,846 | 2,526 | -1,049 | -3,669 | 203 | 288 | 2,117 | 1,138 | 834 |
| Indebtedness | |||||||||||
| gross | in €m | -14,232 | -13,947 | 15,172 | 16,689 | 15,382 | 10,047 | 6,724 | 6,832 | 6,638 | 6,440 |
| Net | in €m | 5,744 | 5,682 | 6,871 | 9,023 | 9,922 | 6,662 | 3,489 | 2,884 | 2,701 | 3,347 |
| Lufthansa share | |||||||||||
| Share price2) | € | 6.18 | 8.05 | 7.77 | 6.18 | 7.72 | 11.71 | 14.06 | 21.92 | 8.76 | 10.39 |
| Dividends proposed/paid | in €m | 359 | 359 | – | – | – | – | 380 | 377 | 234 | 232 |
| Dividend per share proposed/paid | € | 0.30 | 0.30 | – | – | – | – | 0.80 | 0.80 | 0.50 | 0.5 |
| Operational ratios Lufthansa Group | |||||||||||
| Return on sales (Profit/loss before income taxes /revenue) | % | 4.2 | 6.5 | 4.0 | -15.5 | -63.5 | 5.1 | 7.8 | 8.9 | 7.1 | 6.3 |
| Return on capital employed (Profit/loss before income taxes plus interest on liabilities / total assets) |
% | 4.6 | 6.4 | 4.0 | -5.1 | -20.8 | 5.3 | 7.8 | 9.9 | 7.3 | 7.3 |
| Return on equity (Profit/loss after income taxes/shareholders’ equity) | % | 12.1 | 20.0 | 11.9 | -48.8 | -487.8 | 12.1 | 22.9 | 26.1 | 25.2 | 29.5 |
| Return on equity (Profit/loss before income taxes/shareholders’ equity) | % | 13.6 | 23.9 | 14.7 | -58.0 | -622.3 | 18.1 | 29.1 | 34.7 | 31.4 | 34.7 |
| Equity ratio (Shareholders’ equity/total assets) | % | 24.6 | 21.4 | 19.6 | 10.6 | 3.5 | 24 | 25.1 | 25.5 | 20.6 | 18.0 |
| Gearing (Net indebtedness plus pension obligations / shareholders’ equity) |
% | 72.8 | 88.3 | 105.5 | 349.6 | 1,402.5 | 129.9 | 97.7 | 87.8 | 154.8 | 170.6 |
| Leverage (Net indebtedness/total assets) | % | 12.2 | 12.5 | 15.9 | 21.2 | 25.1 | 15.6 | 9.1 | 8.1 | 7.8 | 10.3 |
| Internal financing ratio (Cash flow/capital expenditure) | % | 101.9 | 135.9 | 213.1 | 29.4 | -177.4 | 109.9 | 108 | 152.1 | 145.5 | 132.1 |
| Adjusted net debt / Adjusted EBITDA (since 2017); Debt repayment ratio (until 2016) |
% | 2.0 | 1.7 | 2.3 | 25.8 | – | 2.8 | 1.8 | 1.5 | 28.7 | 30.7 |
| Revenue efficiency (Cash flow/revenue) | % | 10.4 | 13.8 | 16.7 | 2.4 | -17.1 | 11.1 | 11.6 | 15.1 | 10.3 | 10.6 |
| Adjusted ROCE (Adj. EBIT - 25% taxes) / average capital employed 3) |
% | 7.2 | 13.1 | 7.6 | -7.4 | -16.7 | 6.6 | 10.6 | 11.9 | 7.0 | 8.3 |
| Net working capital (Current assets less current liabilities) | €bn | -3.3 | -3.8 | -2.5 | -1.2 | -4.6 | -4.7 | -5.6 | 1.6 | -0.8 | -3.5 |
| Non-current asset ratio (Non-current assets/total assets) | % | 65.3 | 64.8 | 64.8 | 68.3 | 74.6 | 73.5 | 72.1 | 69.2 | 70.6 | 72.5 |
| Depreciation ratio for aircraft / reserve engines (Accumulated depreciation / accumulated acquisition costs) |
% | 60.9 | 61.0 | 60.1 | 58.8 | 55.9 | 50.7 | 51.7 | 52.5 | 49.7 | 51.6 |
| Staff ratios | |||||||||||
| Average number of employees | Number | 100,290 | 110,264 | 106,889 | 107,643 | 125,207 | 137,784 | 134,330 | 128,856 | 123,287 | 119,559 |
| Revenue/employee | € | 374,723 | 321,429 | 289,038 | 156,174 | 108,532 | 264,356 | 264,587 | 276,114 | 256,799 | 268,119 |
| Staff costs/revenue | % | 24.0 | 23.5 | 23.6 | 37.6 | 47.4 | 25.0 | 24.8 | 23 | 23.2 | 25.2 |
| Traffic figures Lufthansa Group | |||||||||||
| Passengers | millions | 131.3 | 122.5 | 101.8 | 46.9 | 36.4 | 145.3 | 141.9 | 129.3 | 109.7 | 107.7 |
| Available seat-kilometres | millions | 326,176 | 300,582 | 259,428 | 145,139 | 109,828 | 358,803 | 349,391 | 322,875 | 286,555 | 273,975 |
| Revenue seat-kilometres | millions | 271,038 | 249,269 | 207,030 | 89,397 | 69,462 | 296,217 | 284,639 | 261,149 | 226,639 | 220,396 |
| Passenger load factor | % | 83.1 | 82.9 | 79.8 | 61.6 | 63.2 | 82.6 | 81.5 | 80.9 | 79.1 | 80.4 |
| Available cargo tonne-kilometres | millions | 17,119 | 15,497 | 14,194 | 11,867 | 10,560 | 17,379 | 16,349 | 15,754 | 15,117 | 14,971 |
| Revenue cargo tonne-kilometres | millions | 9,957 | 8,735 | 8,562 | 8,477 | 7,373 | 10,664 | 10,896 | 10,819 | 10,071 | 9,930 |
| Cargo load factor | % | 58.2 | 56.4 | 60.3 | 71.4 | 69.8 | 61.4 | 66.6 | 68.7 | 66.6 | 66.3 |
| Number of flights | Number | 991,752 | 946,132 | 826,603 | 460,029 | 390,263 | 1,187,728 | 1,163,565 | 1,128,745 | 1,021,919 | 1,003,660 |
| Commercial aircraft | Number | 735 | 721 | 710 | 713 | 757 | 763 | 763 | 728 | 617 | 600 |
| 1) Adjusted free cash flow from 2018 (free cash flow adjusted for effect of IFRS 16). 2) Previous year’s figures adjusted for effects of the new shares issued as part of the capital increase in September 2021. 3) Calculated until 2020: Adjusted ROCE (Adjusted EBIT plus interest income on liquidity minus 25% taxes) / average capital employed. 4) The figures for 2017 were adjusted retroactively due to the restatement of capitalised engine maintenance events and IFRS 9. 5) The figures for 2018 were adjusted due to the restatement of compensation payments for flight cancellations and delays. 6) The figures for 2021 were adjusted retroactively due to changes in the definition of key performance indicators. 7) The figures for 2022 were adjusted due to the reclassification of the Catering segment to discontinued operations. 8) The figures for 2023 were adjusted due to the reclassification of non-pool material from repairable spare parts to inventories. | |||||||||||