Lufthansa Group is facing an annualised loss of around €500m due to delays in aircraft deliveries, impacting the company significantly as no planes are arriving on time, with CEO Carsten Spohr foreseeing these issues to continue beyond 2030.
The group has unfilled orders for 229 aircraft directly from manufacturers, including various Airbus and Boeing models, with some aircraft destined for subsidiaries like Swiss and the new ITA Airways after European Commission approval.
New aircraft deliveries are crucial for Lufthansa Group to match market growth and compensate for grounded aircraft, as around 100 of the group’s 750 aircraft are currently stored due to maintenance or retirement, with some inactive due to Pratt & Whitney engine issues.
While the group’s total revenues in 2023 reached EUR35.4 billion, discussions with Pratt & Whitney about compensation for engine issues are ongoing, with hopes to conclude negotiations in the second quarter pending details on any agreement reached.
