Berlin, March 4 : After two consecutive years of losses, Germany's flag carrier Lufthansa said that it had once again made a profit in 2022, as international air traffic recovered from the Covid-19 pandemic.

"Lufthansa is back," said the company's CEO Carsten Spohr.

"In just one year, we have achieved an unprecedented financial turnaround... the Lufthansa Group has achieved a much better result than expected. Demand for air travel remains high in 2023."

The group also reported an adjusted operating profit of 1.5 billion euros, in line with expectations.

When the coronavirus brought global air travel to a halt, Lufthansa suffered massive losses and had to be bailed out by the German government in 2020.