In the fiscal year of 2020, Lufthansa's revenue amounted to only 13.6 billion euros (or approximately 16.6 billion U.S. dollars).
A brief overview of Lufthansa AG
Lufthansa AG was founded in 1953 as the flag carrier airline in Germany. After privatizing the airline in 1989, Lufthansa AG started to expand its activities progressively becoming one of the largest air transportation services provider globally. The airline group employed over 110,000 people globally as of December 31, 2020. When it comes to operating indicators, the group demonstrated a remarkable performance until the coronavirus pandemic hit. In 2020, Lufthansa Group transported only 36.4 million passengers, down from 145.2 million passengers in 2019. In that same year, the company generated only 13.6 billion euros, down from 36.4 billion euros in 2019. The operating profit of Lufthansa Group was at a loss of seven billion euros in 2020.
Disaggregated activities of Lufthansa AG
The Lufthansa Group owns Lufthansa German Airlines, Eurowings, SWISS, Austrian Airlines, and Lufthansa Cargo with a total group fleet consisting of 757 aircraft as of 2020. In the financial year of 2019, the airline Eurowings had only 7.2 million passengers. Eurowings was the eighth leading low-cost carrier worldwide in 2019. Yet, the Lufthansa Group’s services are not only restricted to the transportation of passenger and goods. It also provides essential aircraft maintenance services through Lufthansa Technik. Major activities of Lufthansa Technick are comprised of maintenance, repair and overhaul (MRO). In 2020, Lufthansa Technik’s revenue from MRO activities was 3.75 billion euros. Since 2007, the Lufthansa Technik’s revenue doubled, demonstrating the high profitability portfolio of MRO activities. Thus, Lufthansa Technik’s services strengthened overall Lufthansa Group’s economic portfolio as well.
Revenue of Lufthansa AG from FY 2004 to FY 2020
(in million euros)
Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.
Lufthansa. (March 4, 2021). Revenue of Lufthansa AG from FY 2004 to FY 2020 (in million euros) [Graph]. In Statista. Retrieved November 28, 2021, from https://www.statista.com/statistics/264269/revenue-of-lufthansa-ag-since-2004/
Lufthansa. "Revenue of Lufthansa AG from FY 2004 to FY 2020 (in million euros)." Chart. March 4, 2021. Statista. Accessed November 28, 2021. https://www.statista.com/statistics/264269/revenue-of-lufthansa-ag-since-2004/
Lufthansa. (2021). Revenue of Lufthansa AG from FY 2004 to FY 2020 (in million euros). Statista. Statista Inc.. Accessed: November 28, 2021. https://www.statista.com/statistics/264269/revenue-of-lufthansa-ag-since-2004/
Lufthansa. "Revenue of Lufthansa Ag from Fy 2004 to Fy 2020 (in Million Euros)." Statista, Statista Inc., 4 Mar 2021, https://www.statista.com/statistics/264269/revenue-of-lufthansa-ag-since-2004/
Lufthansa, Revenue of Lufthansa AG from FY 2004 to FY 2020 (in million euros) Statista, https://www.statista.com/statistics/264269/revenue-of-lufthansa-ag-since-2004/ (last visited November 28, 2021)