Lufthansa Group returns to profit in the third quarter
The Lufthansa Group, which operates two airlines out of Newcastle International Airport, has announced its return to profit for the first time since the start of the pandemic.
Lufthansa, which joined the largest airport in the Northeast in 2019, operates five flights per week to the European financial center and the German city of Frankfurt. Frankfurt is Lufthansa’s largest hub airport and offers connections around the world via the airline’s global network.
Eurowings, which is also part of the Lufthansa Group, currently offers bi-weekly flights to the city of Düsseldorf in western Germany.
People’s desire to travel and the easing of travel restrictions linked to the pandemic have led to a surge in demand for air travel during the summer months. The Group has reported a significant increase in new bookings – with passenger levels already back to 80% of pre-crisis levels.
A strong recovery in business travel was also recorded in the previous quarter and Lufthansa Cargo achieved record turnover.
Passenger numbers were also supported by the reopening of important long-haul markets for travelers from Europe, particularly on flights to the United States.
Carsten Spohr, Chairman of the Management Board and CEO of Deutsche Lufthansa AG, says:
“With a growing demand for business travel and a record result from Lufthansa Cargo, we have taken a new step in our way out of the crisis: we are back in black. We are confirming our leadership position among the world’s largest airline groups. Now it is a question of continuing on the path of successful change. I would like to thank our customers for their loyalty and trust, as well as all Lufthansa employees around the world who contribute with passion and dedication to meeting today’s challenges.
In addition to the recent financial announcement, Lufthansa reaffirmed its commitment to sustainable corporate action.
The Lufthansa Group has set itself ambitious climate protection targets and aims to halve its net CO₂ emissions by 2030 compared to 2019 and achieve a CO₂ neutral balance by 2050. Based Target Initiative (SBTi) to align the CO₂ emission reduction trajectory with the United Nations Paris Climate Agreement. CO₂ emissions will be continuously reduced on the basis of scientific calculations by renewing and optimizing the fleet, improving operational efficiency and using sustainable fuels.
As a tangible step on this ambitious reduction path, the Group’s Management Board has decided to proactively acquire sustainable aviation fuel (SAF) for US $ 250 million over the next three years. The Lufthansa Group is already the largest buyer of sustainable aviation fuel in Europe and with this decision confirms its claim to be among the world’s leading airline groups when it comes to the use of SAF.
Flights to Düsseldorf and Frankfurt, and beyond, from Newcastle International Airport can be booked on Lufthansa.com
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