Deutsche Lufthansa AG 2020 AR2
The report details the Lufthansa Group's performance during the historically challenging fiscal year 2020, which was severely impacted by the COVID-19 pandemic. To ensure solvency, the group secured a EUR 9 billion state stabilization package from Germany, Switzerland, Austria, and Belgium. The company launched the ReNew restructuring program to reduce its fleet by 150 aircraft and structurally adjust its workforce by approximately 27,000 full-time positions. Despite passenger traffic falling by 75%, Lufthansa Cargo achieved a record result due to high demand and reduced global belly capacity. Additionally, the group expanded its environmental commitment, aiming to halve net carbon emissions by 2030 compared to 2019.
Company: Deutsche Lufthansa AG
Sector: Transport & logistics
Country: Germany
Year: 2020
Type: AR2
Pages: 284
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Deutsche Lufthansa AG
Annual Report
The report details the Lufthansa Group's performance during the historically challenging fiscal year 2020, which was severely impacted by the COVID-19 pandemic. To ensure solvency, the group secured a EUR 9 billion state stabilization package from Germany, Switzerland, Austria, and Belgium. The company launched the ReNew restructuring program to reduce its fleet by 150 aircraft and structurally adjust its workforce by approximately 27,000 full-time positions. Despite passenger traffic falling by 75%, Lufthansa Cargo achieved a record result due to high demand and reduced global belly capacity. Additionally, the group expanded its environmental commitment, aiming to halve net carbon emissions by 2030 compared to 2019.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Published
Mar 4, 2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Women on Board
Net Zero Target
Employees