Like most websites Aviation News uses cookies. We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Aviation News website. However, if you would like to, you can change your cookie settings at any time. Find out more


Lufthansa Report Growth in the First Half of 2018

Photo: Via Lufthansa


Via Lufthansa

The Lufthansa Group has reported increased total first half-year revenues by 5.2 percent for 2018, excluding the impact of the first-time application of the IFRS 15 accounting standard.  Reported total first half-year revenues amounted to EUR 16.9 billion, broadly in line with the prior-year level.

In a statement issued by the carrier, Ulrik Svensson, Chief Financial Officer of Deutsche Lufthansa AG, said: “The prime features of Lufthansa Group’s development in the first half of 2018 were strong growth and a simultaneous improvement in our unit revenues.  Achieving both simultaneously is a significant success.  At our network airlines, we were able to more than offset the added burden imposed by higher fuel costs through structural cost reductions and improved results by 26%. Without the integration costs at Eurowings, which we willingly accepted to further strengthen our market position in Europe, the group’s result would have grown.”

Posted in News


Our Instant Issue Service sends you an email whenever a new issue of Aviation News is out. SAVE ON QUEUES - FREE P&P