Lufthansa Reports 39% Drop in Operating Profit as Core Brand Posts Losses

The airline cites strikes, rising costs, and lower ticket prices as key factors behind the decline, despite record revenue growth.

• Lufthansa's adjusted operating profit fell by 39% to €1.65 billion in 2024, driven by losses in its core Lufthansa Airlines brand.
• The core brand, which typically contributes 35% of group profits, reported a €94 million loss for the year.
• Group revenue reached a record €37.6 billion, a 6% increase, with passenger numbers rising 7% to 131 million across its airlines.
• Lufthansa Cargo and Lufthansa Technik divisions saw operational profit growth, contrasting with the struggling passenger segment.
• CEO Carsten Spohr announced plans for a turnaround by 2028, targeting €2.5 billion in improvements through cost reductions and increased revenue.

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