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Lufthansa halves losses

It quadruples passengers carried compared to first quarter 2021

German carrier Lufthansa announced its financial results for the first quarter of the year in recent hours. The figures show that there has been a marked recovery in the last 12 months, despite the disruption caused by the pandemic. The balance sheet shows a net loss that amounted to 584 million euros (it was 1 billion in 2021), total revenues were 5.4 billion (it was 2.6 billion in 2021), while adjusted Ebit is at -591 million euros (1 billion last year). 

"The restrictions on air traffic have largely been overcome. We are now mentally ticking off the crisis. The past few weeks in particular have clearly shown how great people's desire to travel is. New bookings are increasing from week to week - among business travelers, but especially for vacation and leisure travel. Supply chains around the world are still disrupted while demand for freight capacity remains high. This makes our strategic decision to further strengthen Lufthansa Cargo even more valuable", explains the airline's CEO, Carsten Spohr

The financial performance is close to the levels recorded in the pre-crisis period, while if we focus on long-haul these have already exceeded the 2019 volumes. Meanwhile, in the first three months of 2022 the Group companies together welcomed 13 million passengers (they were three million in the first quarter of 2021).

On this topic see also the article published by AVIONEWS

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AVIONEWS - World Aeronautical Press Agency