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EQS-Ad-hoc: Deutsche Lufthansa AG / Key word(s): Change in Forecast
Deutsche Lufthansa AG: Lufthansa Group adjusts full-year guidance
12-Jul-2024 / 12:22 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News
- a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
On a preliminary basis, Lufthansa Group has achieved an Adjusted EBIT of EUR 686 million in the second quarter of 2024
(previous year: EUR 1.1 billion). In particular, a market-related decline in yields in all traffic regions - especially
in Asia - had a negative impact. Unit costs of the Group's passenger airlines in the second quarter were at previous
year's level. Adjusted free cash flow of Lufthansa Group amounted to EUR 573 million.
With a quarterly profit of EUR 213 million, Lufthansa Airlines' result was around EUR 300 million lower compared to
previous year (EUR 515 million). Overall, Lufthansa Airlines recorded a half-year loss of EUR -427 million (previous
year: profit of EUR 149 million). Lufthansa Airlines is particularly affected by the challenges posed by the negative
market trend and by inefficiencies in the flight operations of Lufthansa and Cityline, also due to delayed aircraft
delivery. It is becoming increasingly challenging for Lufthansa Airlines to break even for the full year. To counteract
this, a comprehensive turnaround program is being launched.
For the other passenger airlines as well as Lufthansa Technik and Lufthansa Cargo, earnings for the second half of the
year are expected to be broadly at previous year's level, in some cases higher.
Therefore, for the full year 2024, Lufthansa Group now expects an Adj. EBIT in the range of EUR 1.4 to 1.8 billion
(previously: around EUR 2.2 billion). This outlook is largely dependent on the earnings development at Lufthansa
Airlines and the traditionally important fourth quarter at Lufthansa Cargo.
Adjusted free cash flow is expected to be significantly below 1bn EUR (previously: at least 1bn EUR), based on the new
Adj. EBIT guidance and given uncertainties around capex development in the second half of the year.
The Group will provide further details on the financial outlook when it publishes its final results for the second
quarter on 31 July.
Contact person: Marc Nettesheim, Head of Investor Relations, phone +49 69 696 28000

End of Inside Information
12-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press
Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      Deutsche Lufthansa AG 

Venloer Str. 151-153
50672 Cologne
Germany

Phone:        +49 (0)69 696 28000 
Fax:          +49 (0)69 696 90990 
E-mail:       investor.relations@dlh.de 
Internet:     www.lufthansagroup.com/investor-relations 
ISIN:         DE0008232125, DE0008232125 
WKN:          823212 
Indices:      MDAX 
Listed:       Regulated Market in Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover; Regulated Unofficial Market 

in Berlin, Tradegate Exchange
EQS News ID: 1945383

End of Announcement EQS News Service
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1945383 12-Jul-2024 CET/CEST

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July 12, 2024 06:24 ET (10:24 GMT)