Lufthansa Joins Peers in Predicting Travel Recovery This Year
- Summer bookings point to strong demand during peak season
- Cargo boom will begin to ease following pandemic surge
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Deutsche Lufthansa AG joined major European airline companies in predicting an earnings boost this year as travel demand continues to swing back from the coronavirus pandemic.
The region’s biggest airline group said it expects a “significant improvement” on the €1.5 billion ($1.6 billion) adjusted earnings before interest and taxes result it reported for 2022. Summer vacations to Mediterranean countries and travel on North Atlantic routes will be particularly strong, the carrier said.