RESULTS IN CHIROSCUURE FOR THE GRANGE AIRING NETWORK Lufthansawhich recorded record revenues, while the profit dropped due to a mix of factors, including the increase in competition, which weighed on the price of the tickets sold, and the impact of the strikes and the increase in costs.
Despite this, the board has decided to offer shareholders a dividend of 0.30 euros for action, in line with that of last year.
The numbers of 2024
The group, which in addition to Lufthansa also includes Austrian Airlines, Swiss, Eurowing, Bussels Airlines and now also Ita Airways, entered last year in the orbit of the Germans, closed the 2024 exercise with record revenues for 37.58 billion euros, which represent the best turnover of its history and are growing by 6% compared to the volumes of a year earlier. However, the data is just below the CONSENSUS of analysts which indicated a turnover of 37.63 billion.
Profit instead it is dropped by 18% to 1.38 billion Euro compared to the 1.67 billion euros of the previous year, while the rectified net profit fell by a more robust 39% to 1.645 billion euros. Profits also prove to be lower than consensus of 1,585 billion.
To weigh on the numbers of the group, a drop in the ticket price equal to an average of 2.6%, due to the competition, against a 7%growing passenger traffic. Also the strikes they had a negative impact on the accounts, being cost about 450 million euro.
The prospects on 2025
Although 2024 was a year with a thousand facets, Lufthansa is confident of being able close the 2025 exercise growingthanks to the sustained demand and an expected operating result of 1.73 billion, clearly greater than 2024.
A result that will also benefit from “Turn Around” plan started since last summer, which will allow cost savings and will have a positive impact cumulated on the estimated operational profit in 1.5 billion to 2026 and up to 2.5 billion euros to 2028.
“The aviation is and remains the sector of the future, with a strong and supported question,” said the CEO Carsten Spohradding “In Lufthansa we can look back and consider it to the strongest year in our history in terms of revenue, with a new record factor record. So I would like to thank our guests for their loyalty and all our employees for their great commitment “.
The integration of ITA AIRAWS has been very fast
Lufthansa is also continuing the expansion of its multi-hub, multi-brand and multi-comparison model, through The integration of ITA AIRWAYSwhose acquisition was completed at the beginning of the year, which boasts a strong domestic market in Italy and a 5 -star hub in Rome Fiumicino and will be able to create further growth opportunities for the group in 2025.
Lufthansa will be able to complete the integration of Ita Airways In just 18 months. The union of the respective lounges, the merger of programs The loyalty of customers and the introduction of the code sharing have already been implemented in recent weeks -he lets the German group know -while the Transfer of Ita Airways to Munich and Frankfurt will be completed within the start of the summer time at the end of March.
With Ita Airways, the number of group employees will grow by 5,000 and the group’s size size 100 to 830 planes.
