Assets and financial position


  • Investment in growth and modernisation creates further development prospects for Lufthansa.
  • Following gross capital expenditure of EUR 2.6bn, Lufthansa’s free cash flow came to EUR 713m.
  • Financial debt was reduced and further improvements to the capital structure were made.
  • We used the liquidity to optimise our financing structure in 2011.
  • Lufthansa is the European airline with the best credit rating.