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For Lufthansa, things are looking up again after the severe impacts caused by the Corona crisis. In the summer, the group flew an operating profit for the first time since the outbreak of the pandemic.
This is particularly due to the steady recovery in passenger flights and the boom in air freight. Adjusted operating profit amounted to 17 million euros in the third quarter after a loss of 1,26 billion euros in the same period last year, as Lufthansa announced on Wednesday. “With the increasing demand for business travel 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. Now it is a matter of continuing on the path of successful changes ”, says Group CEO Carsten Spohr.
The group’s sales have almost doubled compared to the previous year and reached 5,2 billion euros. The adjusted operating result (adjusted EBIT), excluding restructuring costs of EUR 255 million, was EUR 272 million. Including restructuring costs, it reached 17 million euros (previous year: - 1,3 billion euros). The group result in the third quarter was -72 million euros (previous year: - 2,0 billion euros).
The downsizing as a cost-saving measure is also making progress. At the end of September, the Lufthansa Group was reportedly still employing around 107.000 people. In Germany alone, 4000 employees have left the company so far this year, and an agreement has already been reached with a further 3.000 that they will leave the company. Because: According to management, Lufthansa still has up to 3.000 too many employees in Germany. At the same time, the group wants to ensure the long-term employment of more than 100.000 people.
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