The Lufthansa Group returned to profitability in the spring. The still very lucrative freight business and the maintenance subsidiary Lufthansa Technik increased the adjusted consolidated earnings before taxes and interest to 350 and 400 million euros (same period last year: minus 827 million euros), as the company reported on Friday in a mandatory announcement to the stock exchange. Sales climbed to 8.5 billion euros in the second quarter of the year after 3.2 billion euros in the same quarter of the previous year. The Group’s airlines made losses despite higher capacity utilization and rising ticket sales. The only exception here was Swiss, which the segment was unable to pull out of the red on its own. The group announced that the occupancy rate was very high, especially in the premium classes. The contribution from technology was estimated at a similar level as in the previous quarter, when an operating profit of 120 million euros was reported for the subsidiary.
Lufthansa – Return to profitability – Economy
