Deutsche Lufthansa AG 2023 AR2
The report highlights Lufthansa Group's strong economic recovery in 2023, achieving its third-best result in history with an Adjusted EBIT of EUR 2.7bn and all airlines operating profitably. The Group significantly strengthened its balance sheet, reducing net indebtedness by 17% to EUR 5.7bn and securing investment-grade ratings from major agencies. Key strategic milestones included the sale of the LSG Group and an agreement to acquire a stake in ITA Airways. On sustainability, the Group continued its fleet modernization with orders for 80 new short- and medium-haul aircraft and expanded its 'Green Fares' initiative to long-haul routes.
Company: Deutsche Lufthansa AG
Sector: Transport & logistics
Country: Germany
Year: 2023
Type: AR2
Pages: 329
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Deutsche Lufthansa AG
Annual Report
The report highlights Lufthansa Group's strong economic recovery in 2023, achieving its third-best result in history with an Adjusted EBIT of EUR 2.7bn and all airlines operating profitably. The Group significantly strengthened its balance sheet, reducing net indebtedness by 17% to EUR 5.7bn and securing investment-grade ratings from major agencies. Key strategic milestones included the sale of the LSG Group and an agreement to acquire a stake in ITA Airways. On sustainability, the Group continued its fleet modernization with orders for 80 new short- and medium-haul aircraft and expanded its 'Green Fares' initiative to long-haul routes.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Mar 7, 2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Women in Management
Net Zero Target
Employees