What is Deutsche Lufthansa AG?
Deutsche Lufthansa AG (LHA) is a German airline group that includes over 550 subsidiary companies and equity investments. The group has been organised into the following business segments: Network Airlines (comprising Lufthansa German Airlines, Swiss and Austrian Airlines); Point-to-Point Airlines (comprising Eurowings group, Brussels Airlines and the equity investment in SunExpress); Aviation Services (comprising Logistics, Maintenance, repair & overhaul services and Catering); and Additional Businesses and Group Functions.
Combined with all its subsidiaries, Lufthansa is not only Germany’s biggest airline, but also the largest in Europe by fleet size and number of passengers carried. The company’s fleet consists of over 700 aircraft of almost every size. Lufthansa and its regional partners have 343 aircraft; Eurowings and Germanwings have 149; Swiss and Edelweiss Air have 91; Austrian Airlines has 82; and Brussels Airlines has 49.
Who are the key people at Deutsche Lufthansa AG?
Carsten Spohr is Chairman of the Executive Board and Chief Executive Officer. He has a degree in industrial engineering and holds a a commercial pilot's licence. Other leading figures at Deutsche Lufthansa AG include: Thorsten Dirks (Chief Officer, Eurowings and Aviation Services); Harry Hohmeister (Chief Officer, Hub Management); and Ulrik Svensson (Chief Officer, Finance).
What is the modern history of Deutsche Lufthansa AG?
The first Lufthansa, founded back in 1926, was dissolved by the Allies after World War Two. But it re-emerged in 1954 as the Deutsche Lufthansa Aktiengesellschaft, and a year later its first scheduled air services started. By the end of the 1950s the airline was flying to destinations in America, Africa and the Far East, as well as across Europe. In 1997, Lufthansa, Air Canada, Scandinavian Airlines, Thai Airways International and United Airlines formed Star Alliance, the world's first multilateral airline alliance. The new millennium saw Lufthansa making a number of acquisitions (Swiss International Air Lines, Brussels Airlines and Austrian Airlines).
What are the latest developments at Deutsche Lufthansa AG?
Lufthansa Group did very well in 2017, with total revenues of €35.6 billion, a 12.4% increase on the previous year. Adjusted EBIT of €2.97 billion was 69.7% higher than in 2016, and the 8.4% Adjusted EBIT margin was up 2.9 percentage points on the year before. EBIT for the full year 2017 increased by more than €1 billion to €3.3 billion.
From 2001 to mid-2017 the Deutsche Lufthansa share price was generally within a band between around €10 and €20. But in the second half of 2017 the shares rose sharply, hitting a high of €31.12 at the end of the year. They lost some ground in the first quarter of 2018, but remained above €25, giving the company a market capitalisation of over €12.4 billion.
To find out how the shares are doing right now, follow Capital.com. Our LHA chart puts all the information at your fingertips.
Where does Deutsche Lufthansa AG operate?
Lufthansa's corporate headquarters are in Cologne. Its main operations base is at Frankfurt Airport, and its secondary hub is at Munich Airport. With over 128,000 employees, Lufthansa serves 18 domestic and 193 international destinations in 81 countries around the world, from Winnipeg to Buenos Aires, from Helsinki to Cape Town, and from Beijing to Melbourne.
Where is Deutsche Lufthansa AG traded?
Deutsche Lufthansa stock is traded on all German stock exchanges, and is a constituent of the DAX-30 index. Check out Capital.com for the latest LHA chart. We’ll keep you up to date and in the picture.