Lufthansa Group unveiled the results of the 4Q and 2024.

The highlights are: 

it increases its fourth-quarter profit by 66 million to 468 million euros and it generates an operating profit of 1.6 billion euros for the full year

• With EUR 37.6 billion Lufthansa Group achieves the strongest revenue year in the company's history thanks to a new peak in load factor
• Passenger numbers grow by 7 percent to over 130 million
• Dividend proposal of EUR 0.30 per share at Annual General Meeting
• Outlook 2025: Earnings significantly above previous year's level.

Fast integration of ITA Airways

The expansion of the multi-hub, multi-airline and multi-brand model through the integration of ITA Airways, with its strong home market in Italy and its 5-star Rome hub, creates further growth opportunities for the Lufthansa Group in 2025. The complete integration of ITA Airways is expected to be completed after just 18 months. The relocation of ITA Airways in Munich and Frankfurt will be completed by the start of the summer flight schedule at the end of March, in order to facilitate transfer connections. Mutual lounge access, the merger of the frequent flyer programs and the introduction of code shares have already been implemented in recent days and weeks. With ITA Airways, the number of employees in the Group will grow by 5,000 and the size of the Group fleet by 100 to 830 aircraft.

The integral version of the report (four pages) is attached to this AVIONEWS.