Lufthansa Returns to Profit for the Third Quarter of 2021


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Lufthansa Group has revealed that it had returned to profit for the third quarter of 2021, with a profit of €17 million. It reported a €1.3 billion loss for the same quarter last year.

The airline has seen a significant increase in new bookings – it is already back at 80 percent of the pre-crisis level.

Carsten Spohr, Chairman of the Executive Board and CEO of Deutsche Lufthansa AG, says:

“With rising demand for business travel and a record result of Lufthansa Cargo we have mastered another milestone on our way out of the crisis: We are back to black. We confirm our leading position among the world’s largest airline groups. Now it is a question of continuing on the path of successful change. I would like to thank our customers for their loyalty and trust, and all Lufthansa employees around the world who are contributing with passion and dedication to mastering the current challenges.”

In the third quarter of 2021, capacity offered, measured in passenger kilometers, was 50 percent of the pre-crisis level of 2019, about twice as high as in the second quarter. Overall, the airlines of the Lufthansa Group carried 19.6 million passengers in July, August and September. This represents 46 percent of the pre-crisis level in Q3 2019.

Source: Lufthansa