Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Xetra  >  Deutsche Lufthansa    LHA   DE0008232125

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Lufthansa lifts profit target on bumper summer bookings

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/17/2017 | 09:10pm CEST
The logo of German airline Lufthansa is seen before the company's annual news conference at the airport in Munich

German airline Lufthansa (>> Deutsche Lufthansa) increased its profit target for 2017 after a busy summer for bookings that has been boosted by demand on North American routes and a strong Germany economy.

German airline Lufthansa (>> Deutsche Lufthansa) increased its profit target for 2017 after a busy summer for bookings that has been boosted by demand on North American routes and a strong Germany economy.

The airline now expects its full-year adjusted earnings before interest and tax (EBIT) to exceed the 2016 level of 1.75 billion euros ($2 billion), it said in a statement on Monday, having previously expected the figure to fall slightly.

Analysts have been upgrading their forecasts for Lufthansa's earnings after positive comments on bookings, with the consensus now for adjusted EBIT of just over 2 billion euros this year.

Lufthansa's adjusted EBIT nearly doubled to 1.04 billion euros in the first six months of 2017, from 529 million in the year-earlier period, while revenue rose to 17 billion euros from 15 billion.

The airline said it expected a 100 million euro lift from lower fuel costs in the second half of the year. And a deal to lease 38 planes and crews from Air Berlin (>> Air Berlin Plc) and the first-time consolidation of Brussels Airlines should make a small contribution to profit, it said.

Lufthansa also gave an upbeat outlook for its low-cost Eurowings unit.

"It is highly probable that Eurowings will achieve positive results this year," Chief Executive Carsten Spohr said on Twitter.

At the same time, the airline said it expected its unit revenues to decline in the second half of the year, after edging up by 1.8 percent in the second quarter.

Its finance chief Ulrik Svensson had cautioned in April that Lufthansa would chase volumes this summer.

Europe's other major airlines are also seen reporting strong quarterly financial results over the next couple of weeks.

Easyjet (>> EasyJet) said earlier on Monday that it expected to report pleasing revenue trends when it publishes third-quarter results on Thursday.

Lufthansa is due to report full second quarter results on Aug. 2.

($1 = 0.8712 euros)

(Reporting by Victoria Bryan and Maria Sheahan; editing by Alexander Smith)

By Victoria Bryan and Maria Sheahan

Stocks treated in this article : Deutsche Lufthansa, Air Berlin Plc, EasyJet
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DEUTSCHE LUFTHANSA
07/26 DEUTSCHE LUFTHANSA : New Head of Sales and Marketing Appointed
07/26 DEUTSCHE LUFTHANSA : Pamplona, Spain to see regular int`l flights from 4Q17
07/25 DEUTSCHE LUFTHANSA : LH license plates are in demand
07/24 Autos, airlines hit in sluggish start to European trading week
07/24 “A HOME UNKNOWN“ : Lufthansa Travels Alongside German Star Actress E..
07/19 SENIOR MANAGEMENT UPDATE - APPOINTME : Wizz
07/19 DEUTSCHE LUFTHANSA : Lufthansa is expanding its European network this winter
07/19 DEUTSCHE LUFTHANSA : Namibia is a rare gem for tourists
07/18 DEUTSCHE LUFTHANSA : Lufthansa - Ad hoc announcement according to Section 17 MAR
07/17 DEUTSCHE LUFTHANSA : Plane bomb scare forces emergency landing in Kuwait
More news
News from SeekingAlpha
07/21 Why Air France-KLM Is In A Bubble
04/28 Deutsche Lufthansa AG 2017 Q1 - Results - Earnings Call Slides
04/28 Deutsche Lufthansa's (DLAKF) Management on Q1 2017 Results - Earnings Call Tr..
04/27 Deutsche Lufthansa AG reports Q1 results
03/24 Deutsche Lufthansa AG (DLAKF) Presents At Deutsche Bank Depositary Receipts V..
Financials (€)
Sales 2017 34 417 M
EBIT 2017 2 099 M
Net income 2017 1 522 M
Debt 2017 3 678 M
Yield 2017 3,19%
P/E ratio 2017 5,65
P/E ratio 2018 6,06
EV / Sales 2017 0,36x
EV / Sales 2018 0,33x
Capitalization 8 773 M
Chart DEUTSCHE LUFTHANSA
Duration : Period :
Deutsche Lufthansa Technical Analysis Chart | LHA | DE0008232125 | 4-Traders
Technical analysis trends DEUTSCHE LUFTHANSA
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 25
Average target price 19,4 €
Spread / Average Target 3,7%
EPS Revisions
Managers
NameTitle
Carsten Spohr Chief Executive Officer
Wolfgang Mayrhuber Chairman-Supervisory Board
Ulrik Svensson Chief Financial Officer
Roland Schütze Chief Information Officer
Werner Brandt Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
DEUTSCHE LUFTHANSA52.04%10 207
DELTA AIR LINES, INC.4.76%37 641
RYANAIR HOLDINGS PLC29.92%25 256
UNITED CONTINENTAL HOLDINGS INC-4.67%21 138
AIR CHINA LTD.26.39%17 286
INTERNATIONAL CONSOLIDATED AIRLINES GROUP32.80%15 890