Eurowings achieves historic profit turnaround

Eurowings achieves historic profit turnaround

The publish Eurowings achieves historic profit turnaround appeared first on TD (Journey Every day Media) Brand TD.

The airline Eurowings has achieved a file end result due to robust demand and the restructuring carried out in recent times. Total, the point-to-point enterprise phase 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 phase, which makes a speciality of inexpensive flights for enterprise and leisure vacationers, thus achieved a historic revenue turnaround. Within the earlier 12 months, there was nonetheless a lack of 197 million euros.

Eurowings’ monetary turnaround is essentially on account of strategic modifications for the reason that Covid disaster. The numerous enlargement of the tourism enterprise helped the Cologne-based firm improve its turnover by 40 % to round EUR 2.6 billion. Eurowings benefited specifically from the lasting need to journey after the pandemic years and a summer time season with new file 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 time, Eurowings will supply greater than 400 weekly connections to and from Palma for the primary time – a brand new file. 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 is just not solely a historic milestone for Eurowings, however at the beginning a robust group 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 have now developed from an airline with a robust home German focus into a number one European leisure airline. We’ll proceed on this path, increase the tourism sector in a focused method and produce much more Eurowings to Europe in 2024.”

 

 

 

The publish Eurowings achieves historic profit turnaround appeared first on Brand TD.


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