Deutsche Lufthansa Management

Management criteria checks 3/4

Deutsche Lufthansa's CEO is Carsten Spohr, appointed in Jan 2011, has a tenure of 13.75 years. total yearly compensation is €5.57M, comprised of 33.9% salary and 66.1% bonuses, including company stock and options. directly owns 0.027% of the company’s shares, worth €2.12M. The average tenure of the management team and the board of directors is 3.8 years and 6.4 years respectively.

Key information

Carsten Spohr

Chief executive officer

€5.6m

Total compensation

CEO salary percentage	33.9%
CEO tenure	13.8yrs
CEO ownership	0.03%
Management average tenure	3.8yrs
Board average tenure	6.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Carsten Spohr's remuneration changed compared to Deutsche Lufthansa's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	€1b
Mar 31 2024	n/a	n/a	€2b
Dec 31 2023	€6m	€2m	€2b
Sep 30 2023	n/a	n/a	€2b
Jun 30 2023	n/a	n/a	€2b
Mar 31 2023	n/a	n/a	€1b
Dec 31 2022	€5m	€2m	€997m
Sep 30 2022	n/a	n/a	€183m
Jun 30 2022	n/a	n/a	-€695m
Mar 31 2022	n/a	n/a	-€2b
Dec 31 2021	€3m	€2m	-€2b
Sep 30 2021	n/a	n/a	-€3b
Jun 30 2021	n/a	n/a	-€5b
Mar 31 2021	n/a	n/a	-€6b
Dec 31 2020	€6m	€1m	-€7b
Sep 30 2020	n/a	n/a	-€5b
Jun 30 2020	n/a	n/a	-€2b
Mar 31 2020	n/a	n/a	-€569m
Dec 31 2019	€6m	€2m	€1b
Sep 30 2019	n/a	n/a	€1b
Jun 30 2019	n/a	n/a	€1b
Mar 31 2019	n/a	n/a	€2b
Dec 31 2018	€4m	€1m	€2b
Sep 30 2018	n/a	n/a	€2b
Jun 30 2018	n/a	n/a	€2b
Mar 31 2018	n/a	n/a	€2b
Dec 31 2017	€5m	€1m	€2b

Compensation vs Market: Carsten's total compensation ($USD6.18M) is above average for companies of similar size in the Austrian market ($USD2.62M).

Compensation vs Earnings: Carsten's compensation has been consistent with company performance over the past year.

CEO

Carsten Spohr (58 yo)

13.8yrs

Tenure

€5,573,000

Compensation

Mr. Carsten Spohr has been an Independent Member of Supervisory Board at Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München since April 29, 2020. He served as Interim Chief Financial Of...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Carsten Spohr	Chairman of the Executive Board & CEO	13.8yrs	€5.57m	0.027% € 2.1m
Michael Niggemann	Human Resources & Legal	4.8yrs	€2.58m	0.0084% € 658.2k
Till Streichert	CFO & Member of Executive Board	less than a year	no data	no data
Dieter Vranckx	Chief Commercial Officer & CEO of Swiss International Air Lines AG & Member of Management Board	3.8yrs	no data	no data
Grazia Vittadini	Member of the Executive Board	less than a year	no data	no data
Dennis Weber	Head of Investor Relations	no data	no data	no data
Jorg Eberhart	Head of Strategy & Organizational Development	3yrs	no data	no data
Steffan Harbarth	Chief Commercial Officer for Munich Hub	8.7yrs	no data	no data
Markus Binkert	Chief Commercial Officer of Swiss International Airlines	no data	no data	no data
Stefan Kreuzpaintner	Chief Commercial Officer	3.8yrs	no data	no data
Kay Lindemann	Head of Corporate International Relations & Government Affairs of Lufthansa Group	no data	no data	no data
Peter Kunz	Head of Industrial & Logistics for EMEA and Germany	no data	no data	no data

3.8yrs

Average Tenure

50yo

Average Age

Experienced Management: LHA's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jurgen Weber	Honorary Chairman of the Supervisory Board	11.4yrs	no data	no data
Karl-Ludwig Kley	Chairman of the Supervisory Board	11.4yrs	€375.00k	no data
Thomas Enders	Member of Supervisory Board	4.4yrs	€175.00k	no data
Erich Clementi	Member of Supervisory Board	4.4yrs	€150.00k	no data
Harald Kruger	Member of Supervisory Board	4.4yrs	€225.00k	no data
Carsten Knobel	Member of Supervisory Board	6.8yrs	€150.00k	no data
Christine Behle	Vice Chairwoman of the Supervisory Board	11.4yrs	€174.00k	no data
Astrid Stange	Member of Supervisory Board	4.4yrs	€100.00k	no data
Christian Hirsch	Employee Representative Member of Supervisory Board	1.3yrs	€63.00k	no data
Holger Koch	Employee Representative Member of Supervisory Board	6.4yrs	€134.00k	no data
Birgit Rohleder	Employee Representative Member of Supervisory Board	6.4yrs	€100.00k	no data
Klaus Winkler	Employee Representative Member of Supervisory Board	6.4yrs	€148.00k	no data

6.4yrs

Average Tenure

61.5yo

Average Age

Experienced Board: LHA's board of directors are considered experienced (6.4 years average tenure).

Deutsche Lufthansa Management

Management criteria checks 3/4

Key information

Recent management updates

Deutsche Lufthansa AG Announces CFO Changes

Lufthansa Group Appoints Dieter Vranckx as Chief Commercial Officer, Effective 1 July 2024

Deutsche Lufthansa AG, Annual General Meeting, May 07, 2024

Lufthansa Group Appoints Annette Mann Head of the Newly Established Unit

Lufthansa Group Appoints Stefan Kreuzpaintner as Head of Sales, Effective January 1, 2021

Deutsche Lufthansa Appoints Remco Steenbergen as New Member of Executive Board

Recent updates

Lufthansa Reportedly to Weigh Investment in Air Baltic Before Initial Public Offering

Deutsche Lufthansa AG to Report Q2, 2025 Results on Jul 31, 2025

Now 21% overvalued

New minor risk - Profit margin trend

Second quarter 2024 earnings released: EPS: €0.39 (vs €0.73 in 2Q 2023)

SEB Kort Bank AB completed the acquisition of Airplus International GmbH from Deutsche Lufthansa AG (XTRA:LHA).

Now 24% overvalued

Deutsche Lufthansa AG Announces CFO Changes

Upcoming dividend of €0.30 per share

First quarter 2024 earnings released: €0.61 loss per share (vs €0.35 loss in 1Q 2023)

Full year 2023 earnings released: EPS: €1.40 (vs €0.66 in FY 2022)

Lufthansa Group Appoints Dieter Vranckx as Chief Commercial Officer, Effective 1 July 2024

New major risk - Share price stability

Lufthansa Technik to Remain Sole Property of Lufthansa

Investor sentiment improves as stock rises 17%

New minor risk - Share price stability

Third quarter 2023 earnings released: EPS: €1.00 (vs €0.68 in 3Q 2022)

Deutsche Lufthansa Reportedly Explores Sale of its Insurance Brokerage Unit Albatros and Insurance Business Delvag

Deutsche Lufthansa AG to Report Q2, 2024 Results on Jul 31, 2024

Deutsche Lufthansa AG, Annual General Meeting, May 07, 2024

Second quarter 2023 earnings released: EPS: €0.73 (vs €0.22 in 2Q 2022)

Deutsche Lufthansa AG to Report Q1, 2024 Results on Apr 30, 2024

SEB Kort Bank AB signed an agreement to acquire Lufthansa AirPlus Servicekarten GmbH from Deutsche Lufthansa AG (XTRA:LHA) for €450 million.

SEB Kort Bank AB signed an agreement to acquire Lufthansa AirPlus Servicekarten GmbH from Deutsche Lufthansa AG (XTRA:LHA) for €450 million.

Deutsche Lufthansa AG (XTRA:LHA) signed an agreement to acquire 41% stake in Italia Trasporto Aereo S.P.A. from Ministero dell'Economia e delle Finanze for €330 million.

Deutsche Lufthansa AG (XTRA:LHA) signed an agreement to acquire 41% stake in Italia Trasporto Aereo S.P.A. from Ministero dell'Economia e delle Finanze for €330 million.

Deutsche Lufthansa AG (XTRA:LHA) signed an agreement to acquire four additional Airbus A350-900s from Deucalion Aviation Limited.

First quarter 2023 earnings released: €0.35 loss per share (vs €0.49 loss in 1Q 2022)

Full year 2022 earnings released

Air France Says It Won't Bid for ITA Airways

Lufthansa Reportedly Seen as Ready to Bid for ITA Airways Stake

Lufthansa Reportedly Still Interested in Buying into ITA Airways

Third quarter 2022 earnings released: EPS: €0.68 (vs €0.15 loss in 3Q 2021)

Lufthansa Reportedly to Sell its 49% Stake in Aeromar

Deutsche Lufthansa AG has completed a Follow-on Equity Offering in the amount of €454.584 million.

Certares-Led Reportedly Bid for Exclusive ITA Airways Talks

Deutsche Lufthansa AG to Report Q3, 2022 Results on Nov 02, 2023

Second quarter 2022 earnings released: EPS: €0.22 (vs €1.26 loss in 2Q 2021)

Deutsche Lufthansa AG to Report Q1, 2023 Results on May 03, 2023

Lufthansa, MSC Reportedly Said to Be Preferred Bidder in Race for Ita

First quarter 2022 earnings released: €0.49 loss per share (vs €1.76 loss in 1Q 2021)

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

MSC Says to Lead Role in Deal for ITA Airways

Lufthansa Says Mulling Option of Own Participation in ITA

MSC Interested in ITA with Lufthansa as Partner

Lufthansa Reportedly Set to Buy 40% Stake in Alitalia's Successor ITA

Delta Air Lines Has No Plans to Invest in ITA Airways

Deutsche Lufthansa Reportedly Not in Hurry to Sell Businesses

Third quarter 2021 earnings released: €0.15 loss per share (vs €3.80 loss in 3Q 2020)

Second quarter 2021 earnings released: €1.26 loss per share (vs €3.12 loss in 2Q 2020)

An unknown buyer acquired Deutsche Lufthansa AG (XTRA:LHA) from Kb Holding GmbH for approximately €320 million.

Member of Supervisory Board has left the company

First quarter 2021 earnings released: €1.75 loss per share (vs €4.44 loss in 1Q 2020)

Lufthansa and Deutsche Bahn Unveil Joint Product Initiative

Revenue misses expectations

Full year 2020 earnings released: €12.51 loss per share (vs €2.55 profit in FY 2019)

Chief Executive Officer of Lufthansa Cargo Peter Gerber has left the company

New 90-day high: €11.36

New 90-day high: €11.08

Lufthansa Group Appoints Annette Mann Head of the Newly Established Unit

New 90-day high: €11.04

Lufthansa Group Airlines and Sabre Sign New Distribution Agreement

Lufthansa Group Appoints Stefan Kreuzpaintner as Head of Sales, Effective January 1, 2021

Deutsche Lufthansa Appoints Remco Steenbergen as New Member of Executive Board

Lufthansa Appoints Remco Steenbergen as Chief Financial Officer

New 90-day high: €9.53

Deutsche Lufthansa AG, Annual General Meeting, May 04, 2021

Revenue misses expectations

Third quarter 2020 earnings released: €3.80 loss per share