Eurowings achieves historic profit turnaround

Eurowings achieves historic profit turnaround

The airline Eurowings has achieved a document consequence due to robust demand and the restructuring carried out lately. Overall, the point-to-point enterprise section 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 section, which focuses on inexpensive flights for enterprise and leisure vacationers, thus achieved a historic profit turnaround. In the earlier 12 months, there was nonetheless a lack of 197 million euros.

Eurowings’ monetary turnaround is essentially attributable to strategic adjustments because the Covid disaster. The vital 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 provide greater than 400 weekly connections to and from Palma for the primary time – a brand new document. Among the 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 Financial Officer (CFO): “The financial turnaround is not only a historic milestone for Eurowings, but first and foremost a strong team effort by our 5,000 employees, which deserves the highest recognition. We can see that our reorganization as a value airline for Europe is succeeding. As a result, we have developed from an airline with a strong domestic German focus into a leading European leisure airline. We will continue on this path, expand the tourism sector in a targeted manner and bring even more Eurowings to Europe in 2024.”




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