In 2015, the airline Lufthansa recorded a net profit of 1.7 billion EUR, an increase compared to the profit of 55 million EUR in 2014.
This difference was also created by the fact that 2014 was affected by exceptional costs, and in 2015 the cost of fuel was lower.
In the fourth quarter, losses decreased to 50 million EUR, from 427 million EUR in the same period of 2014.
Adjusted profit before interest and taxes increased last year by 55.2%, to 1.82 billion EUR.
Sales increased by 6.8%, to 32.1 billion EUR.
For this year, the company estimates fuel-related costs of 4.8 billion EUR, 1 billion EUR below the 2015 level.
Source: Wall-Street
Frequently Asked Questions
What was Lufthansa’s net profit in 2015?
Lufthansa recorded a net profit of 1.7 billion EUR in 2015, a massive increase from the 55 million EUR reported in 2014.
Why did Lufthansa’s profit increase so significantly?
The growth was driven by lower fuel costs and the absence of the exceptional costs that negatively impacted the 2014 results.
What are Lufthansa’s fuel cost projections for 2016?
The company estimates fuel costs of 4.8 billion EUR for 2016, which is 1 billion EUR less than the level recorded in 2015.