Deutsche Lufthansa (LHA) AGM 2025 summary

Opening remarks and agenda

• The 77th Annual General Meeting was opened with a welcome to shareholders and an introduction of the agenda, which includes nine items starting with the 2024 financial statement and management report.

• The meeting is being streamed online, with the CEO's speech also available to the public.

• Shareholders' rights to speak, submit proposals, and vote are facilitated via the online service due to the virtual format.

• The notary public is present to record the minutes, and most of the Executive and Supervisory Boards are in attendance.

Financial performance review

• Revenue for 2024 grew by 6% to a record EUR 37.6 billion, with over 130 million passengers flown.

• Despite high demand, Lufthansa Airlines posted a loss of EUR 94 million due to strikes, high labor costs, and aircraft delivery delays.

• Other group entities, including SWISS, Eurowings, Brussels Airlines, Austrian Airlines, Lufthansa Technik, and Lufthansa Cargo, achieved strong or record results.

• The group achieved an EBIT margin of 8% for the first time, with operational income at EUR 1.6 billion, though below the previous year.

• Dividend of EUR 0.30 per share is proposed, matching last year, with a yield of nearly 5%.

Board and executive committee updates

• The Management Board has a new composition since last summer, with several new members attending their first AGM.