European airline giant Lufthansa Group expects demand for air travel to “remain high” in 2025 and plans to increase capacity by 4 per cent while implementing a ‘turnaround’ strategy for its core Lufthansa brand.
The group, which also owns Austrian Airlines, Brussels Airlines, Swiss and Eurowings, achieved a 6 per cent year-on-year increase in annual revenues to €37.6 billion, largely driven by increases in load factor. However, its operating profit of €1.6 billion represented a 39 per cent decline compared to 2023.
In an earnings report on Thursday (6 March) the group blamed higher costs, aircraft delivery delays and increased competition, particularity in the Asia Pacific region, as reasons behind the profit decline….
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