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Lufthansa will not return to profit in 2022

Spohr (CEO): "Partnership with ITA is our strategic goal"

The Board of Directors of the German air carrier Lufthansa, contrary to earlier wishes, is not certain that the airline will return to profit in 2022. The company's top management is certain that passenger traffic will have a strong recovery this year, but there is widespread uncertainty related mainly to the latest developments in the conflict between Russia and Ukraine, which are hitting the industry after the release of the Omicron variant of Covid-19. 

This situation prevents German managers from making a detailed financial forecast. Meanwhile, in 2021 Lufthansa reduced its economic losses by two-thirds: about 2.44 billion dollars. Slightly higher than the expectations of experts. In 2022, bookings for Easter and summer were almost at the level of 2019. That's why the Cologne-based airline's ambitions for Italy remain intact. 

"Creating a partnership with ITA Airways is our strategic goal and we are looking at the details. Italy is the most important market in Europe for us and on a global basis second only to the United States. We think Lufthansa is the right partner for the Italian airline. We will see what ITA offers and decide what options there will be", said the CEO of the German airline Carsten Spohr, responding to a question from journalists.

On the same subject see also the article published by AVIONEWS.

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AVIONEWS - World Aeronautical Press Agency