Lufthansa's revenue in Q1 up 109% to reach €5.36B

Thursday, 05. May 2022 07:02

Deutsche Lufthansa AG revealed on Thursday that its revenue soared 109% compared to the previous year, reaching €5.36 billion. Traffic revenue jumped 149% year on year to €3.83 billion.

The company's net loss amounted to €584 million in the first trimester of the fiscal year, decreasing 44% on an annual basis. Operating expenses went up 64% year on year, reaching €6.36 billion.

Available capacity at the Passenger Airlines was 171% up on the previous year’s level in the first quarter of 2022, corresponding to 57% of its pre-crisis level in 2019, the report noted. The number of flights amounted to 133,569, which is a 242% rise compared to the same period a year before.

Related Links: Deutsche Lufthansa AG
Author:
Baha Breaking News (BBN) / AY