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  "documentTitle": "2025 Q3 Interim Report",
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  "notes": "Page 29 of the Lufthansa Group 3rd Interim Report January - September 2025.",
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      "text": "Taking into account the corporate planning and the resulting liquidity planning, the further potential funding measures and the uncertainties about the future course of business, the Company's Executive Board considers the Group's liquidity to be secure for the next 18 months.",
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      "text": "1 Applied standards, changes in the group of consolidated companies and accounting principles\n2 Matters of significance for the interim financial statements and going concern status",
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      "text": "Liquidity: EUR 11.9bn",
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      "text": "In the Logistics business segment, the positive operational and financial trends, underpinned in particular by strong e-commerce business with Asia and a generally high level of market demand, continued to apply in the first nine months of 2025. The prior-year period was impacted by strikes.",
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      "text": "As of 30 September 2025, Deutsche Lufthansa AG had centrally available liquidity of EUR 8.8bn. Decentralised bank balances and cash in hand came to a further EUR 0.5bn. In addition, free credit lines of EUR 2.6bn are available as of the reporting date. Altogether, the Lufthansa Group's available liquidity therefore comes to EUR 11.9bn.",
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      "text": "Based on macroeconomic trends and expected customer behaviour, the Lufthansa Group regularly updates its profit and liquidity planning to reflect the changing parameters for its expected course of business. The international trade conflicts and the wars in Ukraine and the Middle East are the key factors currently causing uncertainty. Such geopolitical uncertainties and the related economic consequences therefore constitute a material risk for the development of the world economy, the aviation industry as a whole and the Lufthansa Group. This may be reflected in unfavourable supply scenarios on the procurement side and/or changes in demand on the sales side, along with associated adverse price trends. There are further uncertainties in connection with the public and political debate on climate protection.",
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      "text": "In preparing the interim financial statements, the standards and interpretations valid as of 1 January 2025 were applied. The interim financial statements as of 30 September 2025 were prepared using the same accounting policies as those on which the preceding consolidated financial statements as of 31 December 2024 were based. The standards and interpretations mandatory from 1 January 2025 onwards had no effect on the Group's net assets, financial and earnings position, and no restatements resulting from new standards were necessary.",
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      "text": "The Lufthansa Group's business developed positively in the first nine months of 2025. The Passenger Airlines increased their revenue thanks to the ongoing high level of demand and continued to expand their capacity. Whereas the results for the prior-year period were significantly affected by the financial implications of the strikes, negative impacts on earnings in the current reporting year came primarily from higher fees and charges and increased staff costs. Lower expenses in connection with irregularities in flight operations and currency effects had a positive impact on earnings, as did reduced fuel expenses.",
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      "text": "Taking into account the corporate planning and the resulting liquidity planning, the further potential funding measures and the uncertainties about the future course of business, the Company's Executive Board considers the Group's liquidity to be secure for the next 18 months. The consolidated financial statements were therefore prepared on a going concern basis.",
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      "text": "Operating activities generated a cash inflow of EUR 3,939m in the reporting period, which resulted primarily from the positive earnings and from flight tickets sold in the reporting period but not yet used.",
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      "text": "The consolidated financial statements of Deutsche Lufthansa AG, Cologne, and its subsidiaries were prepared in accordance with the IFRS accounting standards (IFRS) issued by the International Accounting Standards Board (IASB) which are applicable in the European Union (EU). This interim report as of 30 September 2025 was prepared in condensed form in accordance with IAS 34.",
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      "text": "Growth and the earnings trend in the MRO business segment continued to be driven by unbroken strong demand for maintenance and repair services. However, price-related increases in the cost of materials and services in particular had a negative effect. Earnings in the MRO business segment were likewise affected by strikes in the prior-year period.",
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