COMPANY PORTRAIT
Business activities
The Lufthansa Group is an aviation company with operations worldwide. It plays a leading role in its European home market. With 105,290 employees, the Lufthansa Group generated revenue of EUR 16,811m in the financial year 2021.
The Lufthansa Group is composed of the segments Network Airlines, Eurowings and the Aviation Services. The Network Airlines segment comprises Lufthansa German Airlines, SWISS, Austrian Airlines and Brussels Airlines. Lufthansa German Airlines also includes regional airlines Lufthansa CityLine and Air Dolomiti as well as Eurowings Discover, the new holiday airline from the Lufthansa Group which started operations in July 2021 and focuses on the touristic segment. Eurowings focuses on short-haul traffic in European point-to-point traffic. Aviation Services particularly includes the Logistics, MRO and Catering segments. The Lufthansa Group also includes the Additional Businesses and Group Functions. This business segment includes in particular Lufthansa AirPlus, Lufthansa Aviation Training and Lufthansa Systems.
Organisation
Deutsche Lufthansa AG has the management and supervisory structures typical for companies in Germany. The Executive Board is responsible for managing the Company and defining its strategic direction. In doing so, the aim is to increase Company value sustainably. The Supervisory Board appoints, advises and supervises the Executive Board. Deutsche Lufthansa AG is the parent company and the largest single operating company in the Lufthansa Group. The individual business segments are run as separate Group companies, with the exception of the Lufthansa Passenger Airlines. They have their own profit and operating responsibility and are monitored by their respective supervisory boards, in which members of Deutsche Lufthansa AG’s Executive Board are also represented.
KEY FIGURES
The Lufthansa Group generated revenue of 16.8 billion euros in the fiscal year 2021, around 24 percent more than in the previous year (previous year: 13.6 billion euros). An increase in passengers, the transformation and restructuring of the company, and the associated cost reductions contributed to a significant improvement in earnings. The company returned to profit in the third quarter due to strong summer travel months. For the full year, the operating loss was significantly reduced, despite the third and fourth pandemic wave and the resulting travel restrictions.
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