Lufthansa Group Soars to New Heights with Record-Breaking Revenue in 2024

Lufthansa Group

Lufthansa Group has closed out 2024 on a high note, posting its strongest revenue year in history. With an impressive EUR 37.6 billion in total revenue, the airline group not only reached new heights in passenger numbers but also showcased resilience and strategic growth in a challenging global aviation landscape.

A Year of Resilience and Growth

Despite initial challenges in early 2024, including strikes and delayed aircraft deliveries, Lufthansa Group saw a remarkable turnaround in the latter half of the year. The airline posted an impressive EUR 468 million operating profit in the fourth quarter, marking a EUR 66 million increase from the previous year. For the full year, Lufthansa Group generated an operating profit (Adjusted EBIT) of EUR 1.6 billion.

Carsten Spohr, Chairman and CEO of Deutsche Lufthansa AG, highlighted the airline’s commitment to excellence:

"Aviation is and remains an industry of the future with sustained strong demand. We can look back on the strongest year in our history in terms of revenue, with a new load factor record."

Passenger numbers grew by 7% to over 130 million travelers, and the company reached a record load factor of 83.1%, underscoring the continued high demand for air travel.

Strategic Expansion and Operational Stability

A significant highlight of Lufthansa Group’s year was the integration of ITA Airways, a move that strengthens the airline’s European network and enhances its multi-hub, multi-brand model. With the full integration expected within 18 months, ITA Airways is set to become a key player within the Lufthansa ecosystem, expanding the group’s fleet by 100 aircraft and adding 5,000 employees.

In addition to international expansion, Lufthansa Airlines embarked on a transformative turnaround program aimed at improving efficiency and increasing profitability. Measures such as the introduction of "City Airlines" for European short-haul flights and fleet modernization are expected to drive EUR 1.5 billion in savings by 2026 and EUR 2.5 billion by 2028.

Financial Highlights and Shareholder Returns

The financial results for 2024 were strong despite economic challenges:

• Revenue: EUR 37.6 billion (up 6% from 2023)

• Operating Profit (Adjusted EBIT): EUR 1.6 billion

• Net Profit: EUR 1.4 billion

• Dividend Proposal: EUR 0.30 per share

Lufthansa Technik and Lufthansa Cargo both performed exceptionally well, with Lufthansa Technik securing new contracts worth EUR 7.5 billion and Lufthansa Cargo recording a EUR 251 million profit, benefiting from strong e-commerce demand from Asia.

Looking Ahead: 2025 and Beyond

The outlook for 2025 remains positive, with Lufthansa Group expecting further revenue and profit growth. The airline plans to increase passenger seating capacity by 4%, continue fleet modernization, and roll out its new umbrella brand strategy to enhance customer experience.

"This year, 2025, will be a year of transformation for us with a clear goal: to further strengthen our position as the global number one outside the United States," said Carsten Spohr.

With strong demand for air travel, ongoing investments in operational efficiency, and a robust international strategy, Lufthansa Group is well-positioned for continued success in the years ahead.

For more updates on Lufthansa Group’s performance and future plans, visit Lufthansa Investor Relations.