Group earns operating profit in the second quarter and reduces its operating loss for the half-year to EUR 20m / Forecast for 2012 confirmed: operating profit in the medium three-figure million euro range.
Capacity measures have a positive effect on earnings, but were not able to make up for higher fuel expenses. Lufthansa German Airlines still reports an operating loss (-300m) for the first six months.
Swiss was still profitable (48m), but due to fuel cost and strong Swiss franc below last years numbers.
Service segments do very well, especially Lufthansa Technik with an operating profit of 144m (+ 36%).
IMO not nearly as bad as predicted in a previous thread: LH In More Trouble (by LH506 Apr 21 2012 in Civil Aviation)
ju068 From Serbia, joined Aug 2009, 2579 posts, RR: 6 Reply 2, posted (1 year 4 months 2 weeks 6 days 3 hours ago) and read 3491 times:
'' Austrian Airlines successfully completed important restructuring measures by transferring its operations to Tyrolean Airways, thus taking another step towards becoming competitive. This resulted in positive non-recurring effects, enabling the company to generate an operating profit of EUR 26m (previous year: EUR -64m) in the first half-year.''
Nice to see Austrian Airlines improve their financial performance. Hopefully it will perform even better in the future.
Shame to see Larnaca being cancelled from Frankfurt and downgraded to only two weekly flights from Munich. I guess this market is left to Austrian Airlines which has operated double daily flights since Malév's demise back in February.
Until recently Lufthansa used to operate daily flights on the A300-600 (with additional night flights on the A321).
I also saw that they will be cancelling flights from Frankfurt to Casablanca, London Gatwick, Palma de Mallorca and Naples. Didn't they launch flights to London Gatwick just recently?
Unflug From Germany, joined Jan 2012, 320 posts, RR: 2 Reply 3, posted (1 year 4 months 2 weeks 5 days 11 hours ago) and read 2894 times:
Quoting ju068 (Reply 2): Nice to see Austrian Airlines improve their financial performance. Hopefully it will perform even better in the future.
Austrian is in the middle of its restructuring process. Without the one-off effects of transferring flight operatons to Tyrolean Airways the operating loss is 55m compared to 63m in the first half of 2011. Still a significant loss, but an improvement giving reason for some hope...
PanHAM From Germany, joined May 2005, 8340 posts, RR: 26 Reply 5, posted (1 year 4 months 2 weeks 5 days 9 hours ago) and read 2548 times:
It does not matter what the size of the freighters are, if you cannot fly when your customers demand you have to turn their business away. Simple matter. In the worst case, the exporting industry that cannot bring their products in the required time has to look for a new location.
lightsaber From United States of America, joined Jan 2005, 11954 posts, RR: 100 Reply 6, posted (1 year 4 months 2 weeks 5 days 9 hours ago) and read 2521 times:
Quoting PanHAM (Reply 5): It does not matter what the size of the freighters are, if you cannot fly when your customers demand you have to turn their business away
But there is always a spectrum of customers. Hence why I think a right sized fleet will work. A very profitable chunk of cargo is now bypassing FRA (as we have agreed in the past). I'm on your side. I wanted to keep FRA 24/7 with a QC noise quota of 100 for landing and 100 for takeoff instead of a shutdown!
Semaex From Germany, joined Nov 2009, 806 posts, RR: 2 Reply 8, posted (1 year 4 months 2 weeks 5 days 4 hours ago) and read 1742 times:
I absolutely adore the sense of humor at Lufthansa. Check out the first page of the Interim Report
Kudos to LH for the good numbers! I'm especially happy with the OS results, since the airline seem to have been doomed to stay in the red for the rest of time. I'm guessing the new Terminal will add to the future success of AUA.
// You know you're an aviation enthusiast when you look at your neighbour's cars and think about fleet commonality.
Stratofish From Germany, joined Sep 2001, 1041 posts, RR: 6 Reply 9, posted (1 year 4 months 2 weeks 5 days 2 hours ago) and read 1552 times:
The report further proves my point that things are going way better at LH and all that doomsday rhetoric of the current board is factually wrong and uncalled for. What do they want to say if one day they find themselves in real trouble?
Let's hope the unions will gain momentum from these figures and stop SCORE altogether.
UFO organized FAs will publish their vote next week, we shall see.
PanHAM From Germany, joined May 2005, 8340 posts, RR: 26 Reply 10, posted (1 year 4 months 2 weeks 5 days 2 hours ago) and read 1523 times:
That's the completely wrong conclusion, Stratofish.
SCORE is the reason why the figures are better, but the data is not good enough yet. Money has to be earned every day, it is a constant battle.
Direct the unions against political shackles such as one sided eco taxes, passenger taxes and night bans. The additional revenue earned that way can be used to please employees.
Wages, like taxes and everything else are costs and if the costs are too high a responsible management must act. That is what LH is doing with SCORE.
You should be glad that you work for a company that splits profits made in good years three ways. One third remains in the company to allow self financed growth., one third goes to the shareholders (we need income as well) and one thrid goes to the employees as bonus on top of the regular wages.
PanHAM From Germany, joined May 2005, 8340 posts, RR: 26 Reply 12, posted (1 year 4 months 2 weeks 5 days ago) and read 1390 times:
Well, it says that 25 aircraft are leavong the fllet while 40 new jets joing the fleet. That may not be true,m but there have been additions already this year while 733 and 744s are phased out, same with the remainingt Avros