Frankfurt / Main (dpa) - In the middle of the lockdown winter with very little air traffic, the Lufthansa Group draws its balance sheet for the horror year 2020, marked by the corona pandemic, on Thursday (7 a.m.) because of the numerous flight cancellations and ongoing travel restrictions Significantly lower sales and losses in the billions are expected.
After just nine months, the state-supported M-Dax group had amassed a loss of 5.6 billion euros on sales of 11 billion euros.
With the likewise difficult final quarter, the analysts now expect total revenues of around 13.8 billion euros after 36.4 billion euros in the previous year.
Statements from CEO Carsten Spohr and new CFO Remco Steenbergen on the personnel and financial situation are eagerly awaited.
Recently, Lufthansa was able to get money on the private capital market to replace high-interest government loans.
The Federal Republic of Germany, Belgium, Austria and Switzerland had the group under the wings with a total of 9 billion euros.
Since then the federal government has been Lufthansa's largest single shareholder.
The second most important shareholder, the billionaire Heinz Hermann Thiele, died on February 23rd.
© dpa-infocom, dpa: 210303-99-674348 / 2
Lufthansa Group Newsroom