Revenue and Result

Revenue and Result
  20202019Change in %
Total revenue€m13,58936,424-63
- of which traffic revenue€m9,07828,136-68
Operating expenses€m20,84637,124-44
Adjusted EBITDA€m-2,8904,718 
Adjusted EBIT€m-5,4512,026 
EBIT€m-7,3531,857 
Net profit/loss€m-6,7251,213 

Key balance sheet and cash flow statement figures

Key balance sheet and cash flow statement figures
  20202019Change in %
Total assets€m39,48442,659-7
Equity ratio%3.524.0-20.5 pts
Net indebtedness€m9,9226,66249
Pension provisions€m9,5316,65943
Cash flow from operating activities€m-2,3284,030 
Capital expenditure (gross)1)€m1,2733,559-64
Adjusted Free cash flow€m-3,669203 

Key profitability and value creation figures

Key profitability and value creation figures
  20202019Change in %
Adjusted EBITDA margin%-21.313-34.3 pts
Adjusted EBIT margin%-40.15.6-45.7 pts
EBIT margin%-54.15.1-59.2 pts
ROCE%-22.76.1-28.8 pts
Adjusted ROCE%-16.76.6-23.3 pts

The Lufthansa share

The Lufthansa share
  20202019Change in %
Share price at year-end10.8216.41-34
Earnings per share-12.512.55 
Suggested dividend per share- 

Traffic figures 2)

Traffic figures 2)
  20202019Change in %
Flightsnumber390,9001,187,728-67
Passengerstsd.36,354145,299-75
Available seat-kilometresmillions109,828358,803-69
Revenue seat-kilometresmillions69,462296,217-77
Passenger load factor%63.282.6-19.4 pts
Available cargo tonne-kilometresmillions10,59117,379-39
Revenue cargo tonne-kilometresmillions7,37310,664-31
Cargo load factor%69.661.48.2 pts

Employees

Employees
  20202019Change in %
Employees as of 31.12.number110,065138,353-20
Average number of employeesnumber125,207137,784-9

1) Without acquisition of equity investments.
2) Previous year’s figures have been adjusted.

Date of publication: 04 March 2021.