The airline Eurowings has achieved a document consequence because of robust demand and the restructuring carried out lately. General, the point-to-point enterprise section of Lufthansa Group, consisting of Eurowings and the stake in SunExpress, generated a constructive 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 revenue turnaround. Within the earlier yr, there was nonetheless a lack of 197 million euros.
Eurowings’ monetary turnaround is basically attributable to strategic adjustments because the Covid disaster. The numerous enlargement of the tourism enterprise helped the Cologne-based firm enhance 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 season season with new document numbers of visitors, 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 season, Eurowings will provide 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 isn’t solely a historic milestone for Eurowings, however in the beginning a robust workforce effort by our 5,000 staff, which deserves the best recognition. We will see that our reorganization as a worth airline for Europe is succeeding. In consequence, we’ve developed from an airline with a robust home German focus into a number one European leisure airline. We’ll proceed on this path, broaden the tourism sector in a focused method and convey much more Eurowings to Europe in 2024.”
