Today, August 4, Lufthansa introduced reporting for the second quarter. Its revenue more than tripled compared to the same period in 2021, amounting to €8.5 billion. Lufthansa ended the quarter with a net profit of €259 million, against a loss of €756 million a year earlier.
The airline’s strong performance reflects an increase in demand for air travel following the easing of coronavirus restrictions in various countries. Lufthansa forecasts earnings, and for 2022 as a whole, it is expected that earnings before taxes and interest (EBIT) will exceed €500 million against a loss in 2021.
Like other airlines, Lufthansa has recently faced staff shortages and strikes demanding higher wages, which has already forced it to cancel 7,000 flights over the summer holiday season. The airline has now announced plans to hire 10,000 new employees over the next year and a half, the first large-scale hiring of workers since the start of the pandemic.
Lufthansa shares after the publication of financial statements rose by 6.6%.