Lufthansa AG - revenue 2004-2023
In the fiscal year of 2023, Lufthansa's revenue amounted to approximately 35.4 billion euros, more than doubling the 2021 figure.
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 almost 109,500 people globally as of December 31, 2022. When it comes to operating indicators, the group demonstrated a remarkable performance until the coronavirus pandemic hit. However, the performance indicators bounced back strongly the year after. In 2022, Lufthansa Group transported roughly 102 million passengers and generated nearly 32.8 billion euros in revenues. The operating profit of Lufthansa Group was at a profit of over a 1.2 billion euros that year.
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 710 aircraft in 2022. 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 Technik are comprised of maintenance, repair and overhaul (MRO). In 2022, Lufthansa Technik’s revenue from MRO activities was four billion euros.
