LH: 30% weniger Paxe auf LCC-Strecken!

[LoCo]

http://quote.bloomberg.com/apps/news?pid=1...mp;refer=europe

 

.....Lufthansa has been under pressure since Ryanair, Europe's second-largest low-fare airline, set up a base at Fraport AG's Frankfurt-Hahn Airport last year. Lufthansa charges 266.78 euros for a flight from Frankfurt Main to London Heathrow, while Ryanair's fare is 69.98 euros from Frankfurt Hahn to London Stansted, according to the carriers' Web sites.

 

Other low-fare domestic airlines include Germania Fluggesellschaft mbH; Germania's Hapag-Lloyd Express venture with TUI AG, Europe's largest travel company as well as Berliner Spezialflug AG's Air Berlin low-cost division. EasyJet Plc, Europe's largest low-fare airline, flies from London's Stansted Airport to Munich.

 

No-frills airlines will carry 20 percent more passengers per year until 2007, when they will have 14 percent of the European market, according to a McKinsey & Co. study released last month.

 

Lufthansa's share of the German market is now about 50 percent and it has lost 20 percent to 30 percent of passengers where it competes with low-cost carriers, said Uwe Weinrich, an airline industry analyst at HVB Group. Low-fare carriers account for 32 percent of traffic into and out of Germany this year. That may fall to 30 percent over the next two years as Lufthansa reduces fares, he said.

 

Lufthansa's Costs

 

Lufthansa must cut more costs to compete directly with Ryanair, Weinrich said. Its operating expense per available seat kilometer is 12 euro cents, compared with 4 cents for Ryanair, he said.

 

``Lufthansa may have to expand Germanwings, but I don't see it growing profitably,'' said Andrew Lobbenberg, an analyst at ABN Amro who rates Lufthansa shares a ``reduce.'' ``Lufthansa hasn't got the right cost structure to support a low-cost division.''

 

Other full-service airlines have tried and failed to operate low-cost units. British Airways Plc, Europe's largest carrier, sold its no-frills German airline DBA to Intro, an investment company, on June 2 for a symbolic 1 euro. KLM Royal Dutch Airlines, Europe's fourth biggest, sold its no-frills carrier Buzz to Ryanair on April 1.

 

Lufthansa's four-member board earned 3.8 million euros in 2002, including bonuses, rising from 2.5 million euros in 2001. The carrier does not release individual board members' salaries.

 

 

 

[ Diese Nachricht wurde geändert von: LoCo am 2003-08-13 07:28 ]