Eurowings achieves historic profit turnaround
The airline Eurowings has achieved a document outcome due to sturdy demand and the restructuring carried out lately. General, the point-to-point enterprise phase of Lufthansa Group, consisting of Eurowings and the stake in SunExpress, generated a optimistic results of 205 million euros (Adjusted EBIT) in 2023. The enterprise phase, which focuses on inexpensive flights for enterprise and leisure vacationers, thus achieved a historic revenue turnaround. Within the earlier yr, there was nonetheless a lack of 197 million euros.
Eurowings’ monetary turnaround is essentially on account of strategic modifications because the Covid disaster. The numerous growth of the tourism enterprise helped the Cologne-based firm improve its turnover by 40 p.c to round EUR 2.6 billion. Eurowings benefited specifically from the lasting want to journey after the pandemic years and a summer time season with new document numbers of friends, together with to Mallorca. Eurowings operates a rising base right here, connecting Europe’s favourite sunny island with 26 airports in Germany, Austria, Switzerland, Sweden and the Czech Republic. This summer time, Eurowings will supply greater than 400 weekly connections to and from Palma for the primary time – a brand new document. Among the many greater than 150 locations within the Eurowings route community, the vacation hotspots of Greece, Italy and Spain additionally stay in excessive demand.
Kai Duve, Eurowings Chief Monetary Officer (CFO): “The monetary turnaround just isn’t solely a historic milestone for Eurowings, however initially a powerful workforce effort by our 5,000 staff, which deserves the best recognition. We will see that our reorganization as a price airline for Europe is succeeding. In consequence, we have now developed from an airline with a powerful home German focus into a number one European leisure airline. We’ll proceed on this path, develop the tourism sector in a focused method and convey much more Eurowings to Europe in 2024.”