The German company Lufthansa expected the shareholder, its profits were doubled this year, with the support of the high prices of tickets and the recovery of demand during the months of the summer vacation, and the German airline explained in a statement today, Monday, that the modified profits before interest and taxes will exceed one billion euros (981 million dollars) in 2022, compared to the previous directives that exceeded 500 million euros. based on Bloomberg.
Following the announcement, shares of “Lufthansza” rose by 4. 6% after trading at 2. 5% earlier in the day.
Despite the fact that the German company spent the majority of the summer travel season dealing with chaos in its major airport centres, the wave of cancellations brought on by these strikes and the lack of employees associated with the Corona virus led to the high average ticket prices, and this contributed to bolstering the profits of the largest airlines in Europe, “Lufthansa” is now strongly demanding in the coming months.
Despite the strikes, “Lufthansa” expects to treble its profits in 2022.
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