2020 didn't go particularly well for the tourism industry.
This is also the case with the Lufthansa Group, whose annual results have now been published.
The crisis year 2020 is also leaving its mark on Lufthansa *.
Only the cargo businesses were able to achieve a plus and thus lift the mood a little.
That the results for 2020 would not be rosy should come as no surprise.
Nevertheless, the losses at Lufthansa are at a record high.
You can read more about the Lufthansa Group's annual results here.
Record loss at Lufthansa: 2020 annual result
There is still a lack of demand for local and long-distance travel, so that most aircraft are still kept on the ground.
But hope is growing slowly and hopefully the tourism industry can soon breathe a sigh of relief.
Until then,
balance sheets will be drawn
.
About what damage the last year has caused and what successes can be booked.
As
reisetopia.de
reports, the
total loss of Lufthansa
amounts
to 6.7 billion euros
.
For comparison: in the previous year a profit of 1.2 billion euros was achieved.
“Last year was the most challenging in the history of our company - for our customers, our employees and our shareholders.
Travel restrictions and quarantine have led to a unique slump in demand in air traffic, ”said Carsten Spohr, CEO of Deutsche Lufthansa AG,
quoted
on
reisetopia.de
.
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Lufthansa: Despite a record loss with little success
Although sales in the crisis year 2020 fell to a measly 13.6 billion euros, the company was able to record a small success.
After all,
according to
reisetopia.de
,
the
outflow of
funds
could
be
reduced to 300 million euros in the fourth quarter
.
At the expense of Lufthansa employees, jobs were cut at the beginning of the corona pandemic in order to save costs.
In addition to short-time work and job cuts, this also meant agreements with social partners.
According to
reisetopia.de
, as of March 11, 2021, Lufthansa has 110,000 employees.
In fact,
more job cuts are being planned
.
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Tourism officer makes forecast
.
In 2020, the company announced that it would reduce the entire fleet to 650 aircraft.
This reduction is also due to the pandemic and the decline in travel inquiries.
Lufthansa carried just 36.4 million passengers in 2020.
But there is a ray of hope for the Lufthansa company
: Its hub function was able to bring at least some stability in 2020.
In addition, air freight could also contribute to the low level of success.
After all, Lufthansa Cargo achieved a record profit of 772 million euros.
(swa) * Merkur.de is an offer from
IPPEN.MEDIA.
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