{"id":106720,"date":"2021-03-04T15:39:28","date_gmt":"2021-03-04T15:39:28","guid":{"rendered":"https:\/?p=106720"},"modified":"2021-03-04T15:39:32","modified_gmt":"2021-03-04T15:39:32","slug":"lufthansa-suffers-record-losses-in-2020-due-to-pandemic","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2021\/03\/lufthansa-suffers-record-losses-in-2020-due-to-pandemic.html","title":{"rendered":"Lufthansa suffers record losses in 2020 due to pandemic."},"content":{"rendered":"\n<p><strong>Lufthansa Group<\/strong> had a record net attributable loss of \u20ac6.725 billion in 2020, compared with a profit of \u20ac1.213 billion in 2019, due to a drop in flights because of travel restrictions to curb the pandemic.<\/p>\n\n\n\n<p><em><strong>See also:<\/strong> <a href=\"https:\/en\/2021\/01\/lufthansa-will-make-the-longest-passenger-flight-in-its-history.html\">Lufthansa will make the longest passenger flight in its history.<\/a><\/em><\/p>\n\n\n\n<p>Lufthansa reported Thursday that it had an operating loss of 7.353 billion euros (profit of 1.857 billion euros a year earlier) and that it had a turnover of 13.589 billion euros (-63%), EFE reported.<\/p>\n\n\n\n<p>The operating losses were also due to the depreciation of aircraft and other company assets.<\/p>\n\n\n\n<p><em><strong>See also:<\/strong> <a href=\"https:\/en\/2021\/02\/iag-loses-6923-million-in-2020.html\">IAG loses 6,923 million in 2020.<\/a><\/em><\/p>\n\n\n\n<p>The increase in prices and revenues in the cargo division did not offset the sharp drop in passenger flights.<\/p>\n\n\n\n<p>Lufthansa CEO Carsten Spohr said in presenting the figures that &#8220;last year was the most difficult in the history of our company, for our customers, employees and shareholders.&#8221;<\/p>\n\n\n\n<p>&#8220;Travel restrictions and quarantines led to a unique slump in air traffic demand,&#8221; according to Spohr.<\/p>\n\n\n\n<p>The number of passengers carried by Lufthansa fell to 36.4 million, an amount that represents a quarter of the 2019 figure.<\/p>\n\n\n\n<p>The number of flights is also down to one-third of 2019 flights and most of Lufthansa&#8217;s aircraft fleet is grounded.<\/p>\n\n\n\n<p>Lufthansa is to reduce its fleet to 650 aircraft by 2023 and wants to sell some subsidiaries.<\/p>\n\n\n\n<p>The company has reduced personnel costs by cutting the workforce, agreeing measures with the unions and thanks to state benefits, the ERTE, &#8220;Kurzarbeit&#8221; in Germany.<\/p>\n\n\n\n<p>At the end of 2020 the Lufthansa Group had 110,000 employees, 20 % less than a year earlier.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Related Topics<\/h2>\n\n\n\n\t\t\t<div class=\"wp-block-uagb-post-grid uagb-post-grid  uagb-post__image-position-top uagb-post__image-enabled uagb-block-f3c589c4     uagb-post__items uagb-post__columns-2 is-grid uagb-post__columns-tablet-2 uagb-post__columns-mobile-1 uagb-post__equal-height\" data-total=\"203\" 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of&hellip;\n","protected":false},"author":4316,"featured_media":100981,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[230,269,203],"class_list":{"0":"post-106720","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"tag-airline","9":"tag-europe","10":"tag-lufthansa-2"},"uagb_featured_image_src":{"full":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Grupo-Lufthansa.jpg",800,400,false],"thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Grupo-Lufthansa-150x150.jpg",150,150,true],"medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Grupo-Lufthansa-300x150.jpg",300,150,true],"medium_large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Grupo-Lufthansa-768x384.jpg",768,384,true],"large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Grupo-Lufthansa.jpg",800,400,false],"1536x1536":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Grupo-Lufthansa.jpg",800,400,false],"2048x2048":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Grupo-Lufthansa.jpg",800,400,false],"pk-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Grupo-Lufthansa-80x80.jpg",80,80,true],"pk-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Grupo-Lufthansa-300x225.jpg",300,225,true],"csco-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Grupo-Lufthansa-80x80.jpg",80,80,true],"csco-intermediate":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Grupo-Lufthansa-200x140.jpg",200,140,true],"csco-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Grupo-Lufthansa-380x220.jpg",380,220,true],"csco-thumbnail-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Grupo-Lufthansa-300x180.jpg",300,180,true],"csco-thumbnail-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Grupo-Lufthansa-380x190.jpg",380,190,true],"csco-medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Grupo-Lufthansa.jpg",800,400,false],"csco-medium-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Grupo-Lufthansa-560x336.jpg",560,336,true],"csco-medium-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Grupo-Lufthansa.jpg",800,400,false],"csco-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Grupo-Lufthansa.jpg",800,400,false],"csco-large-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Grupo-Lufthansa.jpg",800,400,false],"csco-extra-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/05\/Grupo-Lufthansa.jpg",800,400,false]},"uagb_author_info":{"display_name":"Redacci\u00f3n - Aviaci\u00f3n al D\u00eda","author_link":"https:\/\/aviacionaldia.com\/en\/author\/aad"},"uagb_comment_info":0,"uagb_excerpt":"Lufthansa Group had a record net attributable loss of \u20ac6.725 billion in 2020, compared with a profit of&hellip;","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/106720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/users\/4316"}],"replies":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/comments?post=106720"}],"version-history":[{"count":1,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/106720\/revisions"}],"predecessor-version":[{"id":106721,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/106720\/revisions\/106721"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media\/100981"}],"wp:attachment":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media?parent=106720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/categories?post=106720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/tags?post=106720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}