Tag: Lufthansa Group

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Lufthansa Group buys more new generation short- and medium-haul aircraft

Business & Lifestyle Publishing

The Supervisory Board of Deutsche Lufthansa AG has approved the purchase of 27 short- and medium-haul aircraft. Purchase options for 24 Airbus A320neo and three A321neo will be converted into firm orders. With this decision, the Lufthansa Group is reacting to the positive market and earnings development and thus ensuring the necessary fleet size in the coming years. The total investment of this order amounts to a list price of about three billion US dollars. This increases the total number of A320neo and A321neo orders to 149 for the Group, 13 of them are already operating with Lufthansa. The A320neo … Continue reading Lufthansa Group buys more new generation short- and medium-haul aircraft

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Lufthansa Named International Airline of the Year at 2018 Aviation Business Awards

Business & Lifestyle Publishing

Lufthansa German Airlines has been named as the International Airline of the Year at the 2018 Aviation Business Awards. The twelfth edition of the awards ceremony held last night in Dubai celebrated accomplishments of the Middle East aviation and aerospace industry over the course of the year. On this occasion, Karsten Zang, Senior Director Sales Gulf, Pakistan, and Afghanistan, Lufthansa Group said:“Lufthansa continuously strives to deliver the best travel experience to our discerning customers. This recognition is a testament to our successful efforts in providing Middle Eastern customers with the best product and service offerings.” The award adds to a … Continue reading Lufthansa Named International Airline of the Year at 2018 Aviation Business Awards

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All Lufthansa Group airlines achieve substantial growth in the first half of 2018

Business & Lifestyle Publishing

Lufthansa Group increased its total first half-year revenues by 5.2 percent in 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. Traffic revenue for the first six months totaled EUR 13.2 billion, which, excluding the first-time impact of IFRS 15, represents an increase of 7.0 percent. Adjusted EBIT – the key profit metric of Lufthansa Group – was roughly at its prior-year level at EUR 1,008 million. Adjusted EBIT margin amounted to 6.0 percent (compared to 6.1 percent … Continue reading All Lufthansa Group airlines achieve substantial growth in the first half of 2018