Lufthansa Group has reported its strongest financial year to date, closing 2024 with a record revenue of €37.6 billion. The airline group achieved an operating profit (Adjusted EBIT) of €1.6 billion, with a notable increase in the fourth quarter, where Adjusted EBIT rose by €66 million to €468 million. Passenger traffic surged by 7 percent to 131 million travelers, and the group achieved its highest-ever load factor at 83.1 percent.
Despite challenges in the first half of the year, including strikes and aircraft delivery delays, the company’s financial recovery accelerated in the latter half. Lufthansa Airlines is a key focus for the group’s turnaround efforts, with cost-efficiency measures expected to contribute €2.5 billion in EBIT impact by 2028.
Lufthansa Technik capitalized on strong demand in the maintenance, repair, and overhaul (MRO) sector, securing €7.5 billion in new contracts. Meanwhile, Lufthansa Cargo experienced a recovery driven by robust e-commerce demand from Asia.
The Group remains financially stable with a liquidity position of €11 billion. As a sign of confidence, Lufthansa has proposed a dividend of €0.30 per share, pending approval at its upcoming Annual General Meeting.
Looking ahead, the Group is progressing with the full integration of ITA Airways and plans a moderate capacity expansion of 4 percent in 2025. With these strategies in place, Lufthansa Group anticipates significantly higher earnings in 2025, further strengthening its global market position beyond the U.S.
