Lufthansa ‘ back in the black’

Friday, Aug 05, 2022 0

Lufthansa posted its first net profit since the start of the pandemic, in part thanks to strong cargo business.

The airline recorded a net profit of €259 million for the April to June quarter.

It ‘expects demand for tickets to remain high for the remaining months of the year’

Revenue for the quarter was up by 164% compared to last year, at €8.5 billion.

“This is a strong result after a half-year that was challenging for our guests but also for our employees. Nevertheless, we are optimistic about the future,” CEO Carsten Spohr said.

The airline had a load factor of 80% in the second quarter.

The 29.2 million passengers carried represents 74% of pre-pandemic levels.

It will start recruiting again, and hopes to bring in about 5,000 new employees.

It managed to avert more ground staff strikes by reaching a pay deal but pilots voted in favour of strike action.



Related News Stories :   DOT proposes stricter refund protections for travelers     IATA: Strong passenger demand continued in June     Loganair deploys taskforce to locate lost baggage     JetBlue’s Boston-London Gatwick route takes off     Finnair Mumbai flights take off     Philippine Airlines posts first half profit  

profileimage

Ray Monty



Most Read

Nominated for a BritishTravel Award? Here is how to help your chances of winning.

Want something different with a tour of Rome? Then have a look at CarpeDiem Rome...

ITA Airways are expanding, Andrew Bunn UKI and Nordics Manager explains

Pierfrancesco Carino VP International Sales of ITA Airways explains the strategy for the airline

Antigua and Barbuda Update on What’s New in the Hotel Sector

Get a sneak peak at the Antigua and Barbuda’s Vision 2032

Diversity within DMO’s and the European influence - We speak to Destinations International

Western Australia is open for business and we speak to Roger Cook Deputy PM of the state and MOT

Buy Now Pay Later Travel Customers Are Demanding It

Dana Young of Visit Florida turns the tables on Graham as they discuss visiting the Sunshine State

Buy Now Pay Later Travel: Customers are Demanding it

Thailand is now fully opened: Learn all about it from Markland Blaiklock, head of Centara Hotels
TRAINING & COMPETITION

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari