The number of bookings has risen again in the past weeks and months.
(Photo: dpa)
Frankfurt Thanks to a recovery in passenger flights and the boom in air freight, Lufthansa achieved an operating profit again for the first time in the corona crisis. The adjusted operating result amounted to 17 million euros in the third quarter after a loss of 1.2 billion euros in the same period last year, as Lufthansa announced on Wednesday.
The company exceeded the expectations of analysts, who had forecast an average of EUR 33 million. Excluding the high cost of volunteer downsizing programs, the group achieved an operating profit of 272 million euros.
“With the increasing demand for business trips and a record result for Lufthansa Cargo, we were able to master another milestone on our way out of the crisis: the return to the black”, explained Lufthansa boss Carsten Spohr.
The airlines of the Lufthansa Group, which also includes Eurowings, Swiss, Austrian and Brussels Airlines, carried 19.6 million passengers from July to September. That corresponded to almost half of the pre-crisis level. At 5.2 billion euros, sales were almost twice as high as a year earlier.
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In the summer months, air traffic in Europe recovered noticeably thanks to the dwindling Corona travel restrictions, so that the subsidiary Eurowings achieved an operating profit of 108 million euros. The freight subsidiary Lufthansa-Cargo is on a record course with an operating profit of more than one billion euros this year. Air freight demand is high due to ocean freight bottlenecks and disruptions in global supply chains, causing freight rates to rise.
More: Travel frustration instead of wanderlust – what is currently spoiling Lufthansa passengers with flying