Tag: Remco Steenbergen

Strikes weigh on Lufthansa Group’s earnings in the first quarter

Lufthansa Group increased its revenue by five percent year-on-year to 7.4 billion euros in the first quarter of 2024 (previous year: 7.0 billion euros). The Lufthansa Group recorded an operating loss (Adjusted EBIT) of 849 million euros (previous year: -273 million euros). Strikes, both by var...

Lufthansa Group concludes sale of the LSG Group

Deutsche Lufthansa AG concluded the sale of the remaining part of the LSG Group yesterday (October 31). With the sale transaction now completed, ownership of the LSG Group has passed from the Lufthansa Group to the Aurelius Group private equity company, as contractually agreed in early April of t...

The LSG Group will be sold to AURELIUS Group

Deutsche Lufthansa AG (Lufthansa) signed an agreement with private equity group AURELIUS for the sale of the remaining LSG Group business. The European LSG Sky Chefs activities were already sold in 2019 to gategroup. “We are pleased to have found the right investor for the LSG Group going fo...

Lufhtansa Group generates operating profit of 1.1 billion euros in the third quarter

Carsten Spohr, CEO of Deutsche Lufthansa AG, said: "The Lufthansa Group achieved a very strong result in the third quarter with an operating profit of over one billion euros, thus demonstrating its regained profitability. "All business segments, passenger airlines as well as logistics and MRO, c...

.