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Lufthansa's accounts are flying again

Net profit doubles, which is positive for the first time since the beginning of the pandemic

The German aviation group Lufthansa has communicated the economic data 2022. The positive trend marks the recovery from the pandemic: the doubling of revenues to 32.77 billion euros (+95% on 2021), a net profit of 791 million (it was -2.191 billion in 2021) and an Ebit of 1.509 billion (it was -1.666 billion in 2021). It is a performance that marks the first return to numbers not seen since 2019.

"In just one year we have achieved an unprecedented financial turnaround. The Group has achieved a much better result than expected. We are investing billions in new state-of-the-art, fuel-efficient aircraft. With innovative services, a new premium cabin on board and new digital tools", said managing director Carsten Spohr.

"We want to remain the leader in quality and innovation -he added- in our sector. Our ambition to pursue effective climate protection: for example by being the first airline in the world to introduce 'Green Fares'. For our guests and employees we want to continue to grow, shape the future and expand our market position".

For 2023 Lufthansa expects to maintain higher liquidity, between 8 and 10 billion euros (it was 10.4 billion in 2022), to protect itself from potential future crises. Meanwhile, for the Logistics segment, the company expects "a significant drop in revenues due to the further normalization of the air transport market" even if "it will remain well above the pre-crisis level". While profits at least equal to those of 2022 are expected for Lufthansa Technik.

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AVIONEWS - World Aeronautical Press Agency