Lufthansa expects a strong summer after less loss in the first quarter

Within the first quarter, Lufthansa Group suffered an working loss earlier than tax of EUR 273 million, however that was higher than the lack of EUR 577 million in the identical interval final yr. Prices associated to varied strikes in Germany and the growth of capability, amongst different issues, had an impression on the end result. The online loss fell from 584 to 467 million euros. Revenues elevated by 40 p.c to 7 billion euros, the variety of passengers of all airways inside the group by 9 million to 22 million.

SWISS the perfect once more
Inside the group, SWISS once more carried out greatest, with an working revenue earlier than tax of 77 million euros and a 60 p.c enhance in turnover. Lufthansa posted a lack of 366 million euros regardless of a 74 p.c enhance in income, whereas Austrian Airways misplaced 73 million euros regardless of an nearly doubled turnover. Brussels Airways suffered a lack of 43 million with a 78 p.c increased turnover. Eurowings got here to a lack of 103 million on a 76 p.c increased turnover. All airways needed to take care of 31 p.c increased bills for gas, employees and inflation, amongst different issues.

The demand for vacationer locations inside Europe is now increased than in 2019. The variety of bookings for the second quarter is increased than final yr and even increased than earlier than the corona disaster. There may be additionally an incredible demand for premium merchandise, corresponding to Premium Economic system seats.

Lufthansa thinks it’s ready for the summer time by hiring 4,500 new workers within the first three months. With a purpose to assure the timetable and to have spare capability obtainable, Lufthansa is intentionally holding capability decrease this quarter at 82 p.c of 2019. Over all the yr, it additionally stays 85-90 p.c under that of 2019.