Lufthansa reports adjusted EBIT of EUR 1.04M in first six months
Staff Writer |
Lufthansa reported an Adjusted EBIT of EUR 1,042m in the first six months of 2017 (previous year: EUR 529m).
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The executive board increased the forecast for the Adjusted EBIT 2017 to „above previous year“.
Based on preliminary figures, Deutsche Lufthansa AG generated revenues of EUR 17.0bn in the first six months of 2017 (prior-year period: EUR 15.0bn).
The Adjusted EBIT came to EUR 1,042m (prior-year period: EUR 529m).
The passenger airlines achieved a cumulative Adjusted EBIT of EUR 680m (prior-year period: EUR 352m).
Unit revenues at constant currency increased by 0.5 per cent on the same period of the previous year (1.8 per cent in the second quarter).
Unit costs excluding fuel and currency effects were down by 1.2 per cent (-3.4 per cent in the second quarter).
Cumulative Adjusted EBIT for the remaining business segments (including consolidation and reconciliation) came to EUR 362m (prior-year period: EUR 177m).
Fuel costs increased by EUR 223m on the same period of the previous year.
All performance indicators and fuel cost are including the first time consolidation of Brussels Airlines and the aircraft wet leased from Air Berlin.
At the end of the first half-year, net financial debt decreased to EUR 1.1bn (year-end 2016: EUR 2.7bn).
Pension provisions came to EUR 8.1bn (year-end 2016: EUR 8.4bn) at an IFRS discount rate of 2.1 per cent (year-end 2016: 2.1 per cent). ■
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