Tourexpi
The airline Eurowings has achieved a record result
thanks to strong demand and the restructuring carried out in recent years.
Overall, the point-to-point business segment of Lufthansa Group, consisting of
Eurowings and the stake in SunExpress, generated a positive result of 205
million euros (Adjusted EBIT) in 2023. The business segment, which specializes
in affordable flights for business and leisure travelers, thus achieved a
historic profit turnaround. In the previous year, there was still a loss
of 197 million euros.
Eurowings' financial turnaround is largely due to
strategic changes since the Covid crisis. The significant expansion of the
tourism business helped the Cologne-based company increase its turnover by 40
percent to around EUR 2.6 billion. Eurowings benefited in particular from the
lasting desire to travel after the pandemic years and a summer season with new
record numbers of guests, including to Mallorca. Eurowings operates a growing
base here, connecting Europe's favorite sunny island with 26 airports in Germany,
Austria, Switzerland, Sweden and the Czech Republic. This summer, Eurowings
will offer more than 400 weekly connections to and from Palma for the first
time – a new record. Among the more than 150 destinations in the Eurowings
route network, the holiday hotspots of Greece, Italy and Spain also remain in
high 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.”
Image
Credit: © Eurowings
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