DGAP-Ad-hoc: Deutsche Lufthansa AG / Key word(s): Quarterly / Interim Statement/Quarter Results
Deutsche Lufthansa AG reports an Adjusted EBIT of EUR -336 million for the first three months of 2019 (prior-year period: EUR 52 million). Among other factors, earnings for the period were reduced by a EUR 202 million rise in fuel costs. Market-wide overcapacities in Europe also put strong downward pressure on fares. The earnings decline is accentuated by the fact that first-quarter results for 2018 were particularly strong, owing to the capacity reductions deriving from Air Berlin's demise. Unit revenues for the period were down significantly at both the Network Airlines and Eurowings.
In view of its favorable booking levels and a clear slowing of the market-wide capacity growth, Lufthansa Group expects unit revenues at constant currency to increase year-on-year in the second quarter. For 2019 as a whole, the Lufthansa Group still expects to report an Adjusted EBIT margin between 6.5 and 8.0 percent.
Deutsche Lufthansa AG will publish its detailed results for the first quarter of 2019 on 30 April 2019 at 7.00 a.m. CET, on www.lufthansagroup.com/investor-relations.
Person making the notification: Dennis Weber, Head of Investor Relations, Lufthansa Group
15-Apr-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||Deutsche Lufthansa AG|
|Venloer Str. 151-153|
|Phone:||+49 (0)69 696 28000|
|Fax:||+49 (0)69 696 90990|
|Listed:||Regulated Market in Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover; Regulated Unofficial Market in Tradegate Exchange|
|EQS News ID:||800331|
|End of Announcement||DGAP News Service|
800331 15-Apr-2019 CET/CEST