The declared aim is to further strengthen our position as a leading European premium carrier with global capacity. This means covering all major traffic flows from, via and to Europe. To meet this goal Lufthansa is building its growth strategy on three pillars. Lufthansa is achieving the medium-term expansion of its short and long haul network partly by organic growth. Taking cost-effectiveness into consideration, this expansion takes place primarily via the hubs in Frankfurt, Munich and Zurich. Lufthansa and SWISS together serve 242 destinations in 87 countries and thus guarantee a wide range of flights.
Furthermore, Lufthansa is expanding its cooperation programmes with its partners. The Star Alliance especially plays an important role in capturing new markets. The 21 members of the alliance at present fly to a total of 1,042 destinations in 168 countries. With Turkish Airlines, for instance, which joined the Star Alliance on 1 April 2008, we were able to make clear improvements to our market position in Turkey and the Middle East. In early 2008 Egypt Air also became a member of the Alliance. Star Alliance will continue to be strengthened worldwide by the entry of Continental Airlines, TAM, Air India and Brussels Airlines, which have already been decided. In addition, Lufthansa and Swiss cover further markets by means of bilateral (e.g. regional) partnerships, thereby completing their offering.
The third strategic pillar is to follow the ongoing consolidation of the sector in Europe closely and to make active use of it by means of equity investments, right up to the full takeover of airlines to the extent that this appears strategically and economically sensible. Lufthansa is continuing to develop accordingly into a multi-hub/ multi-brand airline group.
Key figures
Passenger Airline Group
| 2008 | 2007 | % | ||
| Revenue | €m | 18,393 | 15,956 | 15.3 |
| Operating Result | €m | 722 | 826 | -12.6 |
| Segment capital expenditure | €m | 1,390 | 1,228 | 13.2 |
| Employees as of 31.12 | number | 48,599 | 47,230 | 2.9 |
| Passengers 1) 2) | thousands | 70,543 | 62,894 | 12.2 |
| Offered Seat Kilometers 1) | Bn | 195,4 | 169,1 | 15.6 |
| Sold Seat Kilometers 1) 2) | Bn | 154,1 | 135,0 | 14.2 |
| Passenger Load Factor 1) 2) | % | 78.9 | 79,8 | -0,9 |
1) Excluding Germanwings
2) Since 1 January 2008 revenue passenger figures have been calculated in the LufthansaGroupon the basis of the ICAO standard. The figures from the previous year have been adjusted accordingly. |
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