This makes the investment profile more balanced and increases focus on the deployment of capital. The allocation of new aircraft to the different airlines and bases is constantly optimised according to value-based criteria. Additional aircraft will mainly replace older, less efficient models. The Lufthansa Group will also invest further in the modernisation of the fleet, the on-board and ground product as well as infrastructure.

As a matter of principle capital expenditure should not exceed the value of the depreciation and amortisation. In the coming years, the Group will increase its capital expenditure again in order to secure long-term profitable growth. Shares held by members of the Executive BoardĬapital expenditure planned in all segments in 20 has been reviewed and postponed – whenever possible and economically viable – in order to minimise short-term cash outflows. Law on the equal participation of women and men in executive positionsĪrticles of Association and Rules of Procedure Information on corporate governance practisesīoard of Management and Supervisory Board proceduresĬompensation of the Executive Board and Supervisory Board Health Management and Occupational Safetyįinancial strategy & value-based managementĬorporate Governance Declaration, Section 289f HGBĭeclaration of compliance, Section 161 AktG.

Bericht zur Gleichstellung und zur Entgeltgleichheit.

Operating free cashflow