Home Travel News & Insights Lufthansa revenues up however still lagging pre-pandemic levels

Lufthansa revenues up however still lagging pre-pandemic levels

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Lufthansa revenues up however still lagging pre-pandemic levels

Updates with quote

March 3 (Reuters)Germany’s Lufthansa LHAG.DE stated on Friday it had actually gone back to a “plainly favorable outcome” in 2022 in spite of high expense inflation and fuel rates, improved by a strong boost in need for flight following the loss-making years of the pandemic.

Traveler numbers had actually more than doubled in 2022 compared to 2021 and net earnings depended on 32.8 billion euros, with Lufthansa matching a healing that lots of airline companies saw towards the 2nd half of in 2015 and anticipate to continue into 2023.

“Lufthansa is back,” stated Lufthansa CEO Carsten Spohr in a declaration. “In simply one year, we have actually accomplished an unmatched monetary turn-around … Demand for flight stays high in 2023,” the CEO included.

The business reported a full-year operating revenue of 1.23 billion euros ($1.30 billion) for 2022, compared to a loss of 2.3 billion euros the previous year.

Operating revenue was 34% lower than the pre-pandemic year of 2019 and group income was 10% listed below that year at 32.77 billion euros.

(Reporting by Anna Mackenzie and Anastasiia Kozlova in Gdansk, Joanna Plucinska in London, Editing by Rachel More and Himani Sarkar)

((anna.mackenzie@thomsonreuters.com; Anastasiia.Kozlova@thomsonreuters.com))

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