DLAKY - Deutsche Lufthansa AG (DLAKF) Q1 2024 Earnings Call Transcript
2024-04-30 16:04:09 ET
Deutsche Lufthansa AG (DLAKF)
Q1 2024 Earnings Conference Call
April 30, 2024 05:30 ET
Company Participants
Dennis Weber - Head, Investor Relations
Carsten Spohr - Chief Executive Officer
Remco Steenbergen - Chief Financial Officer
Conference Call Participants
James Hollins - BNP
Jaime Rowbotham - Deutsche Bank
Alex Irving - Bernstein
Stephen Furlong - Davy
Ruxandra Haradau-Doser - HSBC
Ruairi Cullinane - RBC
Jarrod Castle - UBS
Sathish Sivakumar - Citi
Harry Gowers - JPMorgan
Conor Dwyer - Morgan Stanley
Andrew Lobbenberg - Barclays
Johannes Braun - Stifel
Presentation
Operator
Good afternoon, ladies and gentlemen. Welcome to the Lufthansa Group Q1 2024 Results Analyst Conference Call. My name is Fransi, the Chorus Call operator. [Operator Instructions] At this time, it is my pleasure to turn the conference over to Dennis Weber, Head of Investor Relations. Please go ahead, sir.
Dennis Weber
Yes. Thank you very much, and good morning, ladies and gentlemen. Welcome to the presentation of our first quarter results 2024. With me on the call today are our CEO, Carsten Spohr; and our CFO, Remco Steenbergen, they will present you our results and discuss our commercial and strategic outlook for the year ahead. Afterwards, you’ll have the opportunity to ask your questions. And as just mentioned by the operator, and similar to prior quarters, I would like to ask you to limit your questions to two so that everybody has a chance to participate in the Q&A session.
Thank you very much, and over to you, Carsten.
Carsten Spohr
Yes. Thank you, Dennis, and a warm welcome, everybody, from my side as well. As you all know, in our industry, the first quarter is the weakest due to seasonal factors, but nevertheless surprising, unfortunately, in a negative sense is the size of our quarterly loss this year, which though is mainly due to strike effects. But before Remco and I get into the details of our numbers, let me take a quick moment to broaden our perspective and look at the global aviation situation.
Starting with geopolitical instability. Obviously, unfortunately, the war in Ukraine continues. The situation in the Middle East has recently even deteriorated to a certain degree. And that has not only led to repeated cancellations of flights into the region, but it has also driven up the price of oil. Second and unchanged though is people’s desire to travel the world. And the ongoing strength of demand, which I really think is impressive and an impressive proof of that change of behavior across the globe in various parts of society with a positive swing towards travel....
Deutsche Lufthansa AG (DLAKF) Q1 2024 Earnings Call Transcript