(Tiper Stock Exchange) – Lufthansathe main German airline, has closed the second quarter of 2023 with revenues equal to 9.4 billion euros, up 17% compared to the same period of the previous year, TheAdjusted EBIT increased to 1.1 billion euros and almost tripled (previous year: 392 million euros). This corresponds to an operating margin of 11.6% and is a new record for the group’s second quarter result. Me too’Net income scored a new high of €881 million (previous year: €259 million).
For the first half of 2023, the group recorded an adjusted EBIT of 812 million euros (previous year: -185 million euros), an improvement of almost 1 billion euros. The adjusted EBIT margin rose to 4.9% in the first half year (previous year: -1.4%). Revenue in the first half of 2023 amounted to €16.4 billion (previous year: €13 billion).
Between January and June, the group’s airlines welcomed more than 55 million passengers on board travellers, an increase of 30% compared to the same period in 2022 (previous year: 42.4 million). In the second quarter alone, 33.3 million passengers flew with group airlines (previous year: 29.2 million). This corresponds to 84% of the 2019 level.
Lufthansa expects the demand for airline tickets will remain high for the rest of the year: “people’s desire to travel continues unabated,” reads a note. Currently, bookings for the months of August to December 2023 average more than 90% of the pre-crisis level booking volume.
Due to the strong outlook for the second half of the year, the group has specified its own outlook for the full year 2023 and now expects to achieve an adjusted EBIT of more than 2.6 billion euros (previously: significant increase on the previous year’s value of 1.5 billion euros). The result should therefore be one of the three best in the history of the group.