Lufthansa Group returns to profitability and reduces its net debt in the second quarter of 2022
On a preliminary and unaudited basis, the Group more than doubled its turnover compared to the previous year. It amounted to around 8.5 billion euros in the second quarter (previous year: 3.2 billion euros). The adjusted EBIT of the Group is between 350 and 400 million euros (previous year: -827 million euros). The Group benefited from the continued good performance of Lufthansa Cargo. Lufthansa Technik achieved a result as high as in the first quarter. The results of the Passenger Airlines improved mainly thanks to a strong increase in yields and a significant increase in loadings. Seat load factors were particularly high in premium classes. Despite a positive result at SWISS, the adjusted EBIT of the Passenger Airlines segment remained negative.
The Lufthansa Group achieved a significantly positive adjusted free cash flow in the second quarter, mainly due to operating profit and continued strong demand for reservations. On a preliminary and unaudited basis, the adjusted free cash flow amounted to approximately 2 billion euros (previous year: 382 million euros). Net debt is expected to decrease by a similar amount in the second quarter (31 March 2022: €8.3 billion).
The Group will present its final quarterly results on August 4, 2022.