Lufthansa Group Adjusts Full-Year Guidance Due to Market Challenges

Deutsche Lufthansa AG announced an adjustment to its full-year guidance. Preliminary results show an adjusted EBIT of EUR 686 million for Q2 2024, compared to EUR 1.1 billion the previous year. A decline in yields, particularly in Asia, negatively impacted the results. Unit costs remained at the previous year's level, and adjusted free cash flow amounted to EUR 573 million.

Lufthansa Airlines reported a quarterly profit of EUR 213 million, around EUR 300 million lower than the previous year. The airline recorded a half-year loss of EUR -427 million, driven by negative market trends and delayed aircraft deliveries. A comprehensive turnaround program has been initiated.

For the full year 2024, Lufthansa Group now expects an adjusted EBIT of EUR 1.4 to 1.8 billion, down from the previous estimate of around EUR 2.2 billion. Adjusted free cash flow is expected to be significantly below 1 billion EUR. The final details will be provided with the Q2 results on July 31.