Lufthansa Group reports strong first quarter bookings

Lufthansa Group revenue increased by 40% to €7.0 billion during the first quarter of 2023, with an improvement in adjusted earnings (EBIT) to a loss of €273 million compared to a loss of €577 million in the prior year. Lufthansa Group’s net loss decreased by 20 percent to €467 million. The group’s number of passengers increased significantly to 22 million, with an average yield some 19 percent above 2019 levels. “The Lufthansa Group is back on track,” said Carsten Spohr, CEO of Deutsche Lufthansa. “After a good first quarter in which we were able to significantly improve our result, we