© Reuters. FILE PHOTO: Lufthansa logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration
(Reuters) – Germany’s Lufthansa said on Friday it had returned to a “clearly positive result” in 2022 despite high cost inflation and fuel prices, boosted by a strong increase in demand for air travel following the loss-making years of the pandemic.
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, but below a company-compiled consensus of 1.5 billion euros.
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.