PPRuNe Forums - View Single Post - Germany makes astonishing profit on Lufthansa rescue
Old 10th Sep 2021, 16:58
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EmmaLawrence_21
 
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Reviving the entire thread, I must say that I agree with Less Hair. During that period, motivation was all that the senior management needed so that they could overcome quickly and get back to their normal activities. I have researched some of the articles where the experts have highlighted that Lufthansa collected a revenue of only 16.6 billion US dollars in the fiscal year of 2020. This is obvious as most of the flights were grounded. The economic stabilization fund of Germany would start selling down its stakes in the coming weeks so as to fully dispose it by the end of 2023. It is really good to know that the Government is on the verge of exiting and as such, it is possible for Lufthansa to generate more cash even if the number of passengers is lower.
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