Lufthansa Group is sticking to its goal of “significantly” improving full-year operating profit after cutting its first quarter losses, but it places a challenge on forecast amid macroeconomic uncertainty around trade.
The airline group has increased 10% over the three months ended March 31, 2025, reducing EBIT losses by 15% to 722 million euros ($821 million).
“We are pleased to announce that we are committed to providing a range of services and services to ensure that we are committed to providing a range of services,” said Carsten Spohr, CEO of Lufthansa Group. “The global demand for air travel continues to increase. In the first quarter, our airlines were able to sell expanded capacity in the market at higher yields.
“Revenues have improved by 10% compared to the previous year. Lufthansa's cargo and Lufthansa technique also contribute to strong performance. In the North Atlantic, guests increased by more than 7% in the first quarter, with higher loading and improved yields.”
In particular, the group's struggling German network operations Lufthansa Airlines reduced its first quarter adjusted loss to 14% to 553 million euros.
However, operating losses fell 2% to €934 million across the group's passenger airlines. This is because Eurowings' losses for the quarter went deeper to 2 million euros, and Swiss Airlines slipped 10 million euros to red. However, during the first three months of the year, profits improved by 84 million and 53 million euros on Lufthansa's freight and MRO units, respectively.
Till Streichert, Lufthansa's Chief Financial Officer, said: “We are in a period of high volatility. In this environment, the good news is that we are progressing as planned with issues within control, such as the Lufthansa Airlines turnaround program.
Luftanza said macroeconomic uncertainty, particularly trade tensions between the US, the EU and other regions, make it difficult to accurately predict the upcoming quarter, and visibility for the third quarter remains limited.
“But it's not just about risk, but also about positive factors that already support today's revenue performance, such as lucrative fuel prices and exchange rates,” adds Streichart. “These will help offset the financial impact of changing demand, so we are confident that we will achieve yearly results that are significantly above the previous year's level.”
Lufthansa Group downgraded its profit outlook twice that year amid a loss on the Lufthansa airline with an adjusted operating result of 1.644.5 billion euros in 2024.
