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Lufthansa without a clear profit forecast because of the Ukraine war

2022-03-03T07:13:11.146Z


Lufthansa without a clear profit forecast because of the Ukraine war Created: 03/03/2022, 08:00 A Lufthansa Airbus A319-100 passenger plane lands at Frankfurt Airport. © Boris Roessler/dpa In the second Corona year 2021, Lufthansa was able to reduce its loss thanks to a certain recovery in the passenger business and a billion-dollar profit in the freight division - but the prospects for 2022 re


Lufthansa without a clear profit forecast because of the Ukraine war

Created: 03/03/2022, 08:00

A Lufthansa Airbus A319-100 passenger plane lands at Frankfurt Airport.

© Boris Roessler/dpa

In the second Corona year 2021, Lufthansa was able to reduce its loss thanks to a certain recovery in the passenger business and a billion-dollar profit in the freight division - but the prospects for 2022 remain uncertain.

Frankfurt/Main – In view of the war in Ukraine, Lufthansa is preparing for another difficult time after two years of losses due to the pandemic.

"We are very sure that air traffic will experience a strong upswing this year," said CEO Carsten Spohr when presenting the annual balance sheet on Thursday.

However, great uncertainties surrounding developments in Ukraine, the consequences of the conflict and the uncertain course of the pandemic did not allow for a detailed financial forecast.

The Executive Board left open whether Lufthansa will return to profitability in 2022.

He only promised a further improvement in the operating result.

The bookings for the Easter and summer holidays are almost at the level of the pre-crisis year 2019.

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In the second Corona year 2021, Lufthansa was able to reduce its loss by two thirds to around 2.2 billion euros thanks to a certain recovery in passenger business and a billion-dollar profit in the freight division Lufthansa Cargo.

The adjusted operating loss (adjusted EBIT) fell by 57 percent to a good 2.3 billion euros and was therefore slightly higher than the average experts had expected.

Without the costs of restructuring the group, including the loss of thousands of jobs, the adjusted operating loss would have been almost 1.8 billion euros.

dpa

Source: merkur

All news articles on 2022-03-03

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