Although Lufthansa suffered from strike action in the last month (as it did in November 2015), the number of passengers increased by 5.9% to 7.63m, which brought the ytd number to 101.9m, an increase of 1.6%. As demand increased by 10.1% while the offer was up by ‘only’ 9.3%, last month’s SLF improved by 0.5pp to 75.8%. The respective ytd numbers were +2.5%, +4.5%, and -1.6pp to 79.2%. However, management continues to complain about ‘significantly falling’ yields on a currency-adjusted basis.
T ....
09 Dec 2016
November was a good month, in volume terms
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November was a good month, in volume terms
Deutsche Lufthansa AG (LHA:WBO) | 0 0 (-0.3%) | Mkt Cap: 12,564m
- Published:
09 Dec 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Although Lufthansa suffered from strike action in the last month (as it did in November 2015), the number of passengers increased by 5.9% to 7.63m, which brought the ytd number to 101.9m, an increase of 1.6%. As demand increased by 10.1% while the offer was up by ‘only’ 9.3%, last month’s SLF improved by 0.5pp to 75.8%. The respective ytd numbers were +2.5%, +4.5%, and -1.6pp to 79.2%. However, management continues to complain about ‘significantly falling’ yields on a currency-adjusted basis.
T ....