Report
Olfa Taamallah ...
  • Yan Derocles

Lufthansa : Q3 2024 adj. EBIT 1.8% above css. Solid booking trend should at least reassure the current FY 2024 css

>Q3 2024 Adj EBIT >1.8% css – Solid Adj. FCF - Lufthansa Q3 2024 came out slightly above consensus estimates. Adjusted EBIT was € 1,340m (ODDO BHF: € 1,405m, company-compiled consensus: € 1,316m), 1.8% above css for revenues up 4.5% to € 10,738m i.e. a margin of 12.5% (-180bp). In detail: i/ RASK fell by 2.7%, supported by a higher load factor (+0.9%) and despite ASK up 6.4%, mainly due to Asia Pacific (RASK -15.1%) whereas Europe was performing well (+0.4%) and North...
Underlying
DEUTSCHE LUFTHANSA AKTIENGESELLSCHAFT

Deutsche Lufthansa is an aviation group based in Germany. Co. maintains global operations and a total of more than 500 subsidiaries and associated companies. Co. operates in five major business segments: scheduled passenger air traffic ("Passenger Airline Group"); scheduled airfreight services ("Logistics"); maintenance, repair and overhaul ("MRO"); information technology ("IT Services") and catering ("Catering").

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Olfa Taamallah

Yan Derocles

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