Frankfurt Airport: Lufthansa announces repayment of state aid
Created: 10/27/2022 13:24
Lufthansa boss Spohr is optimistic about the future.
A good profit forecast for 2022 allows remaining state aid to be repaid.
Frankfurt – After a lucrative summer quarter, Lufthansa sees itself on the right track out of the Corona crisis.
"The Lufthansa Group has left the pandemic behind economically and is optimistic about the future," said CEO Carsten Spohr when presenting the quarterly figures on Thursday in Frankfurt.
Most recently, Lufthansa boss Spohr feared a difficult summer in 2023.
Last week, the MDax group based at Frankfurt Airport doubled its profit forecast for 2022 and is now aiming for an operating result (adjusted EBIT) of over one billion euros.
The Management Board also expects figures to be in the black for the otherwise rather weak fourth quarter.
In addition, Lufthansa now wants to repay the remaining state aid for its foreign subsidiaries Austrian and Brussels by the end of December.
An airplane landing.
© Boris Roessler/dpa/symbol image
Frankfurt Airport: Lufthansa is in the black and increases profits
In the third quarter, Lufthansa was clearly in the black again.
The surplus was 809 million euros in the busiest travel season of the year after a loss of 72 million euros a year earlier.
The group was able to more than quadruple its operating profit to around 1.1 billion euros.
For the group's passenger division, it was the first quarterly operating profit since the beginning of the pandemic - also due to the significant increase in ticket prices.
The freight division Lufthansa Cargo achieved another record value and intends to exceed its record operating profit of 2021 in the current year.
The maintenance division Lufthansa Technik is also expecting a record result in 2022, it said.
(dpa/red)