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INDUSTRY UPDATES

Lufthansa’s Q1 Revenue

9/5/2022

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​The first quarter performance by Lufthansa has been a record breaking one as the carrier benefits from higher freight rates along with additional capacity. In monetary terms, the airlines secured a whopping revenue of 1.2 billion dollars in their first quarter, which is 46% increase compared to the last year’s performance. These figures were recorded despite the supply of cargo load factor outstripping the demand by 7.2%. Although rising fuel costs held back the recovery of passenger airline business during the first three months of the year, the cargo sector was able to outperform the last year’s figures.
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Summary by Tejaswi Khanna
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