Despite a reporting a large slump in profits – underlying Ebit (earnings before interest and tax) of €-3.0 billion for the full-year compared with €893.5 and revenues of €7.9 billion compared with €18.9 billion in 2019 – the group said it was "optimistic".
Demand for travel is rising, the group said, with average prices for summer 2021 +14%.
Chief executive Fritz Joussen said: "Very rapid cost and liquidity measures, an accelerated realignment and our flexible business model have enabled us to steer the group through the crisis.
