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Lufthansa returns to annual profit after Covid losses
After a net loss of 2.2 billion euros in 2021
03 March, 10:06
(ANSA-AFP) - FRANKFURT AM MAIN, MAR 3 - German airline giant
Lufthansa said Friday it returned to annual profit in 2022 after
two years of losses, its fortunes lifted by rebounding demand as
economies reopened after Covid shutdowns. The group reported a
net profit of 791 million euros ($839 million) for last year.
This compares to a net loss of 2.2 billion euros in 2021 and 6.7 billion euros in 2020. "Lufthansa is back," said the company's CEO Carsten Spohr. "In just one year, we have achieved an unprecedented financial turnaround... the Lufthansa Group has achieved a much better result than expected. Demand for air travel remains high in 2023." (ANSA-AFP).
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This compares to a net loss of 2.2 billion euros in 2021 and 6.7 billion euros in 2020. "Lufthansa is back," said the company's CEO Carsten Spohr. "In just one year, we have achieved an unprecedented financial turnaround... the Lufthansa Group has achieved a much better result than expected. Demand for air travel remains high in 2023." (ANSA-AFP).
