KW 41: Lufthansa sold 74,3 percent fewer tickets

Lufthansa tail fin (Photo: Pixabay).
Lufthansa tail fin (Photo: Pixabay).

KW 41: Lufthansa sold 74,3 percent fewer tickets

Lufthansa tail fin (Photo: Pixabay).
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An analysis by the investment portal Kryptoszene.de shows the sharp decline in air traffic in Germany during the corona pandemic. Lufthansa, by far the largest provider in Germany, was particularly hard hit. The decline was at times up to 92,9 percent.

In the 41st calendar week of 2020, 58,4 million airline tickets were sold worldwide. In the previous year, however, there were 112,7 million. In this selected week alone, the decline was 48,2 percent, and the trend is rising. In Germany, 68,7 percent fewer tickets were sold.

The analysts from Kryptoszene.de come to the conclusion that Lufthansa is particularly suffering from the effects of the pandemic. The decrease in calendar week 41 was 74,3 percent. For comparison: Ryanair was down 56,1 percent and Air China only -2,5 percent, which could, however, also be due to ultra-cheap domestic flights.

“A look at the share price development also shows the same thing: Within the last 365 days, Lufthansa has lost 50,1 percent of its market capitalization. The Irish competitor Ryanair in turn only lost 3,7 percent of its value, ”the portal said. "The fact that the corona crisis and the exit restrictions affect the aviation industry is hardly surprising," said Crypto scene-Analyst Raphael Lulay. "However, the survey makes it clear that some companies seem to get off relatively lightly, while others have to accept severe losses".

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