Lufthansa has reported strong results for the three months to June, with a quarterly profit of €881 million despite passenger numbers remaining 16% below the 2019 level due to restraints on capacity.

Carsten Spohr, Lufthansa Group chief executive, hailed “the financially best second quarter in our history” and said: “We were able to avoid a situation like last summer and offer our customers a more stable operation.”

The group, comprising Lufthansa, Swiss, Austrian Airlines, Brussels Airlines and Eurowings, reported a €414 million profit for the first half of the year amid “continued strong demand and high yields”.

All the group’s airlines made a profit, with “high global demand for air travel” leading to “a significant increase in passenger numbers” to 55 million in the six months, 30% up on 2022.

More: Lufthansa schedules special ski flights from Heathrow

More than 33 million passengers flew with the group in the three months to June, 84% of the 2019 level.

Capacity across the group was 19% above the level of 2022 but remained 21% below pre-pandemic levels across the half year although it rose to 83% of the 2019 level in the second quarter.

Lufthansa noted: “Capacity was planned conservatively due to bottlenecks, particularly with [ground] handling service providers and air traffic control.”

But it reported: “Persistently high demand, especially in the premium classes, coupled with restricted capacity led to a 13% increase in yields for the passenger airlines compared with the previous year.”

That compared to a 7% rise in unit costs year on year.

The group took €9.4 billion in revenue in the quarter to June, 17% up year on year and reported an operating profit of €1.1 billion. Revenues in the first half of the year were €16.4 billion.

Lufthansa’s net debt fell to €5.9 billion at the end of June, down from €6.9 billion at the end of December and below the pre-pandemic level.

Spohr noted “three significant transactions” in the April to June quarter with the acquisition of a 41% stake in Italian airline ITA Airways in May, the sale of the group’s remaining catering business to a private equity company in April and the sale of payment services provider AirPlus in June.

The ITA deal allows Lufthansa to acquire the remaining shares in the Italian carrier in future, although the acquisition remains subject to regulatory approval.

The group reported hiring 9,000 new employees so far this year, more than 1,000 a month.

It forecast demand for flights would remain high for the rest of the year “especially in premium classes, mainly driven by leisure travellers”, leading to a further “slight increase” in yields.

However, capacity will remain restrained “due to persisting bottlenecks in the European air traffic system”, with Lufthansa planning to operate 88% of its pre-pandemic capacity in the three months to September.

The group noted demand for business travel is increasing but it expects corporate demand to recover only to 70% of the 2019 level by the end of the year.

Spohr forecast Lufthansa’s full-year results would be among “the three best in the history of the group”.

Tokyo Transport Guide

Tokyo has developed a dense network of metro, train and bus lines that serve the Greater Tokyo area. As Tokyo is a very busy city, the public transport is the best way to get around the city. With the multilingual signage and instructions, the public transport is very accessible for tourists.

The rail network dominates the public transport in Greater Tokyo. There are several companies which operate the most extensive rail network in the world. The 13 metro lines cover central Tokyo, especially the area inside the Yamanote circle, around Ginza and east of the loop line. The busiest stations are Shinjuku Station, Ikebukuro Station and Shibuya Station.

JR East is the largest railway company in the world. It provides most of the railway traffic in Tokyo, as well as, to other destinations in Japan. There are several other companies that provide commuter train service to the nearby area. The Shinkansen (Bullet Train) is fast train service that connects the major cities in Japan. The travel time from Osaka/Kyoto to Tokyo is about three hours.

The bus network is not heavily used in the city centre. It's more convenient for places outside the central area. They are not as frequent as the trains, but they are a good alternative if you want to avoid the crowds.

Tokyo Narita International Airport (NRT) is the main one serving Greater Tokyo. It is located on the border between Narita and Shibayama, around 60 km from Tokyo. There are regular train, bus, taxi and private airport transfer services to Tokyo and the surrounding area.

Narita Airport is served by express and commuter trains. Narita Express is connected to Tokyo Station via the Narita and Sobu lines. The suburban JR rapid service train follows the same route to Tokyo Station with several intermediate stops which makes the travel time longer. Keisei provides train services to central Tokyo and the suburbs, as well.

Regular bus services run from Tokyo Narita Airport to the Tokyo City Air Terminal, major hotels and railway stations in the Greater Tokyo Area. Buses are generally slower than trains because of the traffic conditions. An overnight bus service to Kyoto and Osaka is available, as well.

The airport taxi service in Tokyo is fast and reliable. They charge by the meter and additional charges may apply for night rides.

To stay away from the crowds, it's best to book a private Tokyo Narita airport transfer with us. Our premium service includes a door-to-door airport transfer in comfortable and luxury vehicles at fixed cost. The English-speaking driver will meet you at the arrivals gate and take you directly to your hotel, and we hope you enjoy the airport transfer from Tokyo Narita Airport to Tokyo city centre.

Tokyo Haneda Airport (HND) is the second one that serves Greater Tokyo. It is located closer to the city centre, around 14 km. There are regular train and bus lines that run to Tokyo. The latest prices for a private airport taxi from Tokyo Haneda Airport to Tokyo city centre are on the link.

In Japan, we offer private transportation in Kyoto and Osaka.

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