Lufthansa has reduced the loss in the corona crisis

With rising passenger numbers, Lufthansa has reduced the loss in the corona crisis. In the second quarter, the adjusted operating result amounted to minus 952 million euros, announced the aviation group. The loss was much lower than in the same quarter of the previous year, when the corona lockdown caused a deficit of 1.7 billion euros - in the second quarter of 2021 the group recorded a loss of 756 million euros. Thanks to strong bookings and drastic savings, including through downsizing, Lufthansa was able to stop the outflow of funds for the first time since the outbreak of the pandemic and took in 340 million euros in cash. "The fact that more than 30,000 colleagues have left us so far hurts us all, but is inevitable for the sustainable rescue of the more than 100,000 remaining jobs," said CEO Carsten Spohr. According to further information, sales rose by 70 percent to 3.2 billion euros, but remained far from the level of normal times when Lufthansa had flown in almost ten billion euros in revenue. According to a survey by the company, analysts had expected an average operating loss of 971 million euros with sales of 3.3 billion euros. The corona crisis hit air traffic hard. It was only since May that more passenger planes began to take off again with the easing of travel restrictions. Lufthansa and the subsidiary airlines Eurowings, Swiss, Brussels and Austrian Airlines carried seven million passengers from April to June - that was much more than in the same period last year, when air traffic was largely on the ground, but only 18 percent of the pre-crisis level in 2019.