The stabilization measures of the Economic Stabilization Fund, which the Lufthansa Group took advantage of as a result of the corona pandemic to secure its solvency, exclude the payment of dividends. This applies until the complete termination of the stabilization measures, i.e. at least until the 2023 financial year. If the loans and the silent participations are repaid by the end of the 2023 financial year, dividend payments are therefore possible again from 2024.
Against the background of the pandemic, the Annual General Meeting on May 5, 2020 had already approved the proposal of the Executive Board to use the net profit of EUR 298m. from financial year 2019 as a whole for the appropriation into other retained earnings and to suspend the dividend payout for the 2019 financial year.
The Group's dividend policy in effect since 2019 has been to distribute 20 to 40 percent of net income adjusted for one-time gains and losses.