Maintenance and Modifications
LHT Recovers from Covid, Posts Profit
Lufthansa Technik's revenues bounced back in 2021 from a Covid-induced slump.

After a pandemic-plagued 2020, Lufthansa Technik (LHT) returned to profitability in 2021 with revenue rising 7 percent to more than €4 billion, said CEO and board chairman Dr. Johannes Bussmann on Thursday, during the company’s annual year-in-review briefing. He added that the full-service MRO still expects to be back to pre-COVID business levels by 2023, but he cautioned that the current "geopolitical situation” and the Russian war against Ukraine cloud recovery timeline predictions.