Record Revenue Achieved
The Lufthansa Group achieved a record revenue of EUR 10.7 billion in Q3 2024, a 5% increase compared to the previous year, marking the strongest revenue quarter in the company's history.
Strong Performance in Passenger Airlines
Passenger airlines within the Lufthansa Group, excluding Lufthansa Airlines, achieved record results, with Austrian Airlines, Brussels Airlines, and Eurowings reporting their best quarters ever.
Positive Developments in Cargo and Technik
Lufthansa Cargo profits improved significantly year-on-year, driven by strong demand from Asia Pacific, while Lufthansa Technik's adjusted EBIT was on par with the prior record year level.
Successful Cost Management and Hedging Strategy
The decrease in kerosene prices led to an expected tailwind of about EUR 300 million for the 2024 fuel bill. The hedging strategy effectively protected against rising prices with an 83% hedge ratio for 2024.
Digital Innovation Recognition
The Lufthansa app was named the best airline app in the world at the World Aviation Festival, reflecting strong digital innovation within the group.