Lufthansa invites investors to Munich

Overall Lufthansa remains confident that the demand for mobility will continue to increase and that despite fluctuations air traffic will carry on growing. The current environment, particularly the high kerosene prices, does however represent a considerable challenge for the airline industry.

Lufthansa started the year 2008 successful and the result for the first quarter has built a solid base for the full year. Despite the higher fuel cost - the Group is currently anticipating fuel expenses of around EUR 5.6bn for 2008 - the Executive Board confirms its outlook that the Group's operating result for the full year 2008 will follow up on the previous year’s record level. Higher costs are to be compensated by efficiency gains, cost savings as part of a package of measures which has already been initiated and fuel surcharges. Furthermore Lufthansa is aiming to achieve a sustainable leading position in the industry in terms of profitability through its Group initiative "Upgrade to Industry Leadership".

Another important pillar for profitable growth is the airline group strategy. In addition to its planned organic growth at its hubs and in decentralised traffic Lufthansa will continue to expand by means of alliances and partnerships. One example is the planned joint venture with United Airlines, Continental Airlines and Air Canada.

The presentations will be accessible on the website lufthansa-financials.com from the start of the event at 10 o’clock. A webcast of the event will be available on the same site from 26 June.
 

© Centre for Asia Pacific Aviation. Date posted: 26-Jun-08


 

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