Q3 2025 Deutsche Lufthansa AG Earnings Call Transcript
Key Points
- Deutsche Lufthansa AG (DLAKF) reported a 4% increase in revenues for Q3 2025, driven by a 3% capacity increase and robust growth in Cargo and MRO divisions.
- The company achieved a high regularity in flight operations at 99%, with improved departure punctuality by more than 10 percentage points compared to last year.
- Lufthansa Cargo showed a significant increase in adjusted EBIT, reaching EUR 49 million in Q3, with a year-to-date operating result up by 250% compared to last year.
- The company is undergoing a major fleet renewal, with more than 50 next-generation aircraft deliveries anticipated by the end of next year, enhancing operational efficiency and customer satisfaction.
- Deutsche Lufthansa AG (DLAKF) maintained a strong liquidity position at EUR 11.9 billion, ensuring readiness for upcoming aircraft deliveries and debt maturities.
- Despite revenue growth, the adjusted EBIT margin slightly decreased by 0.6 percentage points compared to the previous year.
- The company faced rising costs in several areas, including a 9% increase in fees and charges, with ATC costs alone rising by 17%.
- Lufthansa Technik experienced a decline in adjusted EBIT due to ramp-up efforts in new facilities and substantial external headwinds, including tariffs and supply chain disruptions.
- The Passenger Airline business saw a decline in unit revenues by 2.2% during the quarter, driven by a highly competitive environment and a temporary slowdown in North Atlantic demand.
- The company anticipates a higher tax burden due to the revaluation of deferred tax assets, resulting from the German tax booster initiative.
Ladies and gentlemen, welcome to the Lufthansa Group Q3 2025 results conference call. I'm Moriti, your Chorus Call operator. I would like to remind you that all participants will be in a listen-only mode and the conference is being recorded. (Operator Instructions)
At this time, it's my pleasure to hand over to Marc-Dominic Nettesheim, Head of Investor Relations. please go ahead, sir.
Thank you and welcome, ladies and gentlemen, from our side to the presentation of our third quarter results 2025. With me on the call today are our CEO, Carsten Spohr; and our CFO, Till Streichert, and both will present our results for this third quarter and discuss the commercial outlook for the remaining three months of the year. Afterwards, you will have the opportunity to ask questions, and like always, please limit yourself to two questions so that everybody else gets a chance to participate in Q&A.
Thank you very much, and with that, Carsten, now over to you.
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