Lufthansa's revenue plunges 63% to €13.6B in 2020

Donnerstag, 04. März 2021 07:06

The Lufthansa Group reported on Thursday its revenue in the fiscal year 2020 amounted to €13.6 billion, plummeting 63% compared to the previous year as a result of the coronavirus pandemic. Traffic revenue plunged 68% year on year to €9.1 billion.

Net loss for the twelve-month period stood at €6.7 billion, worsening from a net income of €1.2 billion reported in 2019. Operating expenses were down 44% to €20.8 billion in 2020.

The group reduced the number of employees by 20% to 110,065 by the end of the year, while the number of flights slid 67% to 390,900 and the passenger count was down 75%.

Related Links: Deutsche Lufthansa AG
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Breaking the News / NP