3 March 2022

Lufthansa presented its annual report on 3 March. The press conference has been broadcasted live via Internet.

Result 2021

The Lufthansa Group generated revenue of 16.8 billion euros in the fiscal year 2021, around 24 percent more than in the previous year (previous year: 13.6 billion euros).

An increase in passengers, the transformation and restructuring of the company, and the associated cost reductions contributed to a significant improvement in earnings. The company returned to profit in the third quarter due to strong summer travel months. For the full year, the operating loss was significantly reduced, despite the third and fourth pandemic wave and the resulting travel restrictions. Adjusted EBIT in 2021 was -2.3 billion euros (previous year: -5.5 billion euros). Excluding restructuring costs of 581 million euros, Adjusted EBIT was -1.8 billion euros. The Adjusted EBIT margin improved accordingly to -14.0 percent (previous year:   -40.1 percent).

Compared with the pre-crisis level, the structural decrease in personnel expenses, excluding one-off restructuring expenses, effects from short-time working and temporary measures, amounted to 10 percent. With the implementation of additional planned measures, the decrease will be 15 to 20 percent. At the end of last year, the Lufthansa Group employed around 105,000 employees, more than 30,000 fewer than before the start of the Coronavirus pandemic.

The Group net income improved by 67 percent to -2.2 billion euros (previous year: -6.7 billion euros).