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Passenger numbers had more than doubled in 2022 compared to 2021 and net revenue was up to 32.8 billion euros, with Lufthansa mirroring a recovery that many airlines saw towards the second half of last year and expect to continue into 2023.
“Lufthansa is back,” said Lufthansa CEO Carsten Spohr in a statement. “In just one year, we have achieved an unprecedented financial turnaround … Demand for air travel remains high in 2023,” the CEO added.
The company reported a full-year operating profit of 1.23 billion euros ($1.30 billion) for 2022, compared to a loss of 2.3 billion euros the previous year.
Operating profit was 34% lower than the pre-pandemic year of 2019 and group revenue was 10% below that year at 32.77 billion euros.