Lufthansa flies into black but worries linger over busy summer

German airline Lufthansa said Friday that it returned to annual profit in 2022 after two years of pandemic-related losses, but worries lingered over the prospect of another chaotic summer season.

The group reported a net profit of 791 million euros ($839 million) after a loss of 2.2 billion euros in 2021 and 6.7 billion euros the previous year.

“Lufthansa is back,” said the company’s CEO Carsten Spohr, who was appointed to another five-year term this week after steering the group through the coronavirus crisis.

“In just one year, we have achieved an unprecedented financial turnaround,” he said.