Lufthansa records strongest ever financial results

Lufthansa Group has reported total revenues of €35.6 billion for 2017, a 12.4 per cent increase on the previous year.

Adjusted EBIT at the group stood at €2.97 billion, a significant 69.7 per cent year-on-year improvement.

And the 8.4 per cent Adjusted EBIT margin was up 2.9 percentage points compared to previous year.

EBIT for the year increased more than €1 billion to €3.3 billion.

The strong increase of EBIT includes the positive €582 million one-off effect from agreeing on the collective labour agreement with the Vereinigung Cockpit union for the pilots of Lufthansa, Lufthansa Cargo and Germanwings, which was recognised in the income statement in December.