Photo Credit: The Lufthansa Group is headquartered in Frankfurt, Germany. Lufthansa Group
As the German group prepares to double down in Rome and potentially Lisbon, the challenge isn’t finding new hubs – it's getting them to perform more like Swiss in Zurich.
LinkedIn X Facebook Email Gift What is the realistic timeline for Lufthansa Airlines to return to sustained profitability? How much of the Lufthansa mainline loss is fixable through restructuring versus temporary shocks? What specific structural advantages let Swiss stay insulated from low-cost competition? Select a question above or ask something else
Swiss International Air Lines made more money in the second quarter than the entire Lufthansa Group division it sits inside.
The Zurich-based carrier delivered adjusted earnings of €174 million ($200m) in the quarter, while the network airlines as a whole — Swiss alongside Lufthansa, Austrian, and Brussels Airlines — managed €137 million ($158m). Of the brands Lufthansa breaks out, only Austrian made money, and not enough to cover the losses at Lufthansa Airlines and Brussels.
Across the last two quarters the concentration is even more pronounced. Swiss earned €213 million ($245m) between January and June while the group as a whole lost €229 million ($263m), dragged down by a loss at Lufthansa Airlines of €480 million ($552m). Better results from maintenance and cargo divisions have historically softened the blow at a group level.
Rising fuel bills did most — but not all — of the damage. While group revenue rose 8%
Per Diem is your source for the latest business travel and corporate travel news.
By submitting this form, you agree to receive email communication from Skift.
See more essential travel news in your search results.
Tags: air france-klm , airlines , earnings , iag , iran war , jet stream , Lufthansa Group
LinkedIn X Facebook Email Gift First read is on us . Subscribe today to keep up with the latest travel industry news.
Subscribe now for complete access to Skift.com’s trusted coverage of the travel industry.
Enter your email for a complimentary article + exclusive offers.