Revenue and Result
| 2019 | 2018 | Change in % | ||
|---|---|---|---|---|
| Total revenue | €m | 36,424 | 35,542 | 2 |
| - of which traffic revenue | €m | 28,136 | 27,801 | 1 |
| Operating expenses | €m | 37,124 | 35,164 | 6 |
| Adjusted EBITDA | €m | 4,718 | 5,016 | -6 |
| Adjusted EBIT | €m | 2,026 | 2,836 | -29 |
| EBIT | €m | 1,857 | 2,974 | -38 |
| Net profit/loss | €m | 1,213 | 2,163 | -44 |
Key balance sheet and cash flow statement figures
| 2019 | 2018 | Change in % | ||
|---|---|---|---|---|
| Total assets | €m | 42,659 | 38,213 | 12 |
| Equity ratio | % | 24.0 | 25.1 | -1.1 pts |
| Net indebtedness | €m | 6,662 | 3,489 | 91 |
| Pension provisions | €m | 6,659 | 5,865 | 14 |
| Cash flow from operating activities | €m | 4,030 | 4,109 | -2 |
| Capital expenditure (gross)2) | €m | 3,559 | 3,757 | -5 |
| Free cash flow | €m | 203 | 288 | -30 |
Key profitability and value creation figures
| 2019 | 2018 | Change in % | ||
|---|---|---|---|---|
| Adjusted EBITDA margin | % | 13.0 | 14.1 | -1.1 pts |
| Adjusted EBIT margin | % | 5.6 | 8.0 | -2.4 pts |
| EBIT margin | % | 5.1 | 8.4 | -3.3 pts |
| ROCE | % | 6.1 | 11.1 | -5.0 pts |
| Adjusted ROCE | % | 6.6 | 10.6 | -4.0 pts |
The Lufthansa share
| 2019 | 2018 | Change in % | ||
|---|---|---|---|---|
| Share price at year-end | € | 16.41 | 19.70 | -17 |
| Earnings per share | € | 2.55 | 4.58 | -44 |
| Suggested dividend per share | € | – | 0.80 | -100 |
Traffic figures 3)
| 2019 | 2018 | Change in % | ||
|---|---|---|---|---|
| Flights | number | 1,177,315 | 1,163,565 | 1 |
| Passengers | tsd. | 145,190 | 141,935 | 2 |
| Available seat-kilometres | millions | 359,567 | 349,391 | 3 |
| Revenue seat-kilometres | millions | 296,511 | 284,639 | 4 |
| Passenger load factor | % | 82.5 | 81.5 | 1.0 pts |
| Available cargo tonne-kilometres | millions | 17,378 | 16,349 | 6 |
| Revenue cargo tonne-kilometres | millions | 10,664 | 10,896 | -2 |
| Cargo load factor | % | 61.4 | 66.6 | -5.2 pts |
Employees
| 2019 | 2018 | Change in % | ||
|---|---|---|---|---|
| Employees as of 31.12. | number | 138,353 | 135,534 | 2 |
Average number of employees | number | 137,784 | 134,330 | 3 |
1) The figures shown here and elsewhere in the report include effects from the first-time application of new accounting standards and other accounting changes. Detailed explanations and a detailed overview are provided in the chapter
Earnings, assets and financial position, p. 33ff., of this Annual Report. Previous year’s figures have been adjusted accordingly. For ease of comparison with the forecast figures, the previous definitions have been kept in the reporting year for the year-on-year calculation of performance indicators (yields, RASK, CASK).
2) Without acquisition of equity investments.
3) Previous year’s figures have been adjusted.
Date of publication: 19 March 2020.