(Reuters) – Lufthansa said on Friday it had returned to a “clearly positive result” in 2022 despite high costs, including jet fuel, thanks to a surge in travel demand after the loss-making years of the pandemic.
The number of passengers more than doubled in 2022, compared to 2021, as well as the turnover, which amounted to 32.8 billion euros, reflecting a recovery in traffic observed by many airlines towards the second half of last year, which is expected to continue into 2023.
“Lufthansa is back,” CEO Carsten Spohr said in a statement.
“In just one year, we have achieved an unprecedented financial turnaround. Air travel demand will remain high in 2023,” he added.
The company reported an operating profit of 1.23 billion euros in 2022, compared to a loss of 2.3 billion euros the previous year.
However, operating profit is still 34% lower than in 2019, and turnover is 10%.
(Report Anna Mackenzie and Anastasiia Kozlova in Gdansk, Joanna Plucinska in London; Lina Golovnya, editing by Kate Entringer)
Copyright © 2023 Thomson Reuters
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
