Extra fuel costs of €700 million says Lufthansa.
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Deutsche Lufthansa AG (LHA.XE) said Monday that it expects fuel costs
in 2018 to be around 700 million euros ($842.3 million) higher than in
2017, and will total EUR5.9 billion.
The carrier said it expected capacity growth of 12% in 2018. The estimate, measured through available seat kilometers, was broken down by Lufthansa into organic growth of 7%--concentrated on its network airlines--and growth including acquisition of 5%, driven by the purchase of parts of Air Berlin PLC (AB1.XE).
Organic growth should benefit specifically from short-haul growth in Frankfurt and upgauging--which means increasing capacity by changing or modifying aircraft--in Munich, Zurich and Vienna, the company said.
Lufthansa expects unit costs excluding currency and fuel to fall between 1% and 2% in 2018, while unit revenue for the first quarter should be "slightly positive," it said.
The carrier said it expected capacity growth of 12% in 2018. The estimate, measured through available seat kilometers, was broken down by Lufthansa into organic growth of 7%--concentrated on its network airlines--and growth including acquisition of 5%, driven by the purchase of parts of Air Berlin PLC (AB1.XE).
Organic growth should benefit specifically from short-haul growth in Frankfurt and upgauging--which means increasing capacity by changing or modifying aircraft--in Munich, Zurich and Vienna, the company said.
Lufthansa expects unit costs excluding currency and fuel to fall between 1% and 2% in 2018, while unit revenue for the first quarter should be "slightly positive," it said.
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