Lufthansa narrows losses in 2021; uncertainties abound in 2022

BERLIN: Germany's Lufthansa, which narrowed its losses in 2021 but remained in the red, said it could not provide a...
03 Mar, 2022

BERLIN: Germany's Lufthansa, which narrowed its losses in 2021 but remained in the red, said it could not provide a detailed outlook for 2022 due to the war in Ukraine and the pandemic.

The company reported an operating loss of 2.3 billion euros ($2.55 billion), in line with analyst forecasts. In 2020, the pandemic-hit company had reported a loss of 5.5 billion euros.

Lufthansa said it expects significant improvement in operating results for the rest of the year after a challenging first quarter of 2022.

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