German national carrier Lufthansa said Wednesday that it was back in the black in the third quarter of this year for the first time since the start of the coro-navirus pandemic as restrictions are lifted and air travel takes off again.
“With rising demand for business travel and a record result of Lufthansa Cargo, we have mastered another milestone on our way out of the crisis: we are back to black,” chief executive Carsten Spohr said in a statement.
The airline said its revenues almost doubled in the period from July through September, and it posted a small underlying, or operating, profit of 17 million euros ($20 million), compared with a loss of 1.3 billion euros a year earlier.—AFP
