Lufthansa Group Reports First Quarter 2025 Net Loss of €885 Million or €0.74 per Share

Lufthansa Group has reported a first quarter 2025 net loss of €885 million or (€0.74) per share on a year-over-year increase in revenue of 10 percent to €8.1 billion.  At March 31, 2025, the Group had €11.4 billion in total liquidity.

Lufthansa Group Reports First Quarter 2025 Financial Results - Courtesy Lufthansa Group

On Tuesday (April 29, 2025), Lufthansa Group reported their first quarter financial results for the period ending March 31, 2025.  The Group reported a first quarter net loss of €885 million or (€0.74) per share on a year-over-year increase in revenue of 10 percent to €8.1 billion.  Lufthansa’s first quarter revenue per available seat kilometer (RASK) increased 2.7 percent versus the same period last year, while cost per available seat kilometer, excluding fuel (CASK-ex) increased 3.1 percent compared to Q1 2024.  At March 31, 2025, Lufthansa has liquidity totaling €11.4 billion.

In Tuesday’s announcement, Deutsche Lufthansa AG’s Chairman and CEO, Carsten Spohr, said,

“Global demand for air travel continues to grow.  Despite all the geopolitical uncertainties, we therefore remain on course for growth, are optimistic about the summer, and are sticking to our positive outlook for 2025.  In the first quarter, our airlines were able to sell their expanded capacity at higher yields in the market.  Our revenue improved by ten percent compared with the previous year, with Lufthansa Cargo and Lufthansa Technik also contributing with their strong performance.  On the North Atlantic, the number of guests rose by more than seven percent in the first quarter, with higher load factors and better yields.  Demand continues to be robust for the second quarter.  I am pleased that our guests are benefiting from significantly improved punctuality and stability, particularly with our core brand Lufthansa.  Operationally, we had our best start to the year in ten years.  I would therefore like to express my special thanks to all crew members, technicians, and employees at the airports and in the operations centers of our airlines, who contributed to this success with their great commitment.”

Also commenting on the Group’s first quarter financial results, Deutsche Lufthansa AG’s Chief Financial Officer, Till Streichert, added,

“We are in a period of high volatility.  In this environment, it is good news that we are making progress as planned on issues within our control, such as our turnaround program at Lufthansa Airlines.  At the same time, we are keeping an eye on market risks.  We are well prepared to respond should these materialize.  However, it is not just about risks, but also about positive factors that are already supporting our earnings performance today, such as favorable fuel prices and exchange rates.  These can help to offset the financial effects of any changes in demand. Overall, we therefore remain confident that we will be able to achieve a full-year result significantly above the previous year’s level.”

Lufthansa Group's First Quarter 2025 Financial Results - Courtesy Lufthansa Group

During the first quarter, Lufthansa Technik’s revenue increases year-over-year by 18 percent to €2.0 billion, while adjusted EBIT increased by 49 percent to a record €161 million.  Lufthansa Cargo’s first quarter revenue increased 12 percent versus the same period last year, wit the logistics segment generating a substantially improved EBIT of €62 million, compared to negative 22 million last year.  The Group also improved their balance sheet in Q1 2025, with net debt decreasing to €5.3 billion, down from €5.7 billion at December 31, 2024.  Individual first quarter results for select Lufthansa Group airlines are available here: Austrian Airlines, Brussels Airlines, and SWISS.

Source: Lufthansa Group