The airline company Eurowings, subsidiary of the group Lufthansais on track for a 2023 profitable after a successful summer and autumn season: after nine months, the Eurowings business sector will delight the Lufthansa Group with a positive result of 147 million euros (adjusted EBIT).
For comparison, at the same period last year, Eurowings, specializing in affordable business and leisure flights, still recorded a loss of 136 million euros. The financial recovery is largely due to strategic changes intervened since the crisis Covid. The significant expansion of thetourist activity enabled the Cologne-based company to achieve a strong increase in turnover of 42%, to more than two billion euros.
Eurowings explains that it notably benefited from the “continued desire to travel post-pandemic and a summer season with record numbers of customers in many locations, including Mallorca, where Eurowings operates a growing base connecting Europe’s most popular sunny island to now 26 airports in Germany, Austria, Switzerland, Sweden and the Czech Republic ». Among the more than 140 destinations in the Eurowings route network, holiday destinations such as Greece, Italy and Spain were also in high demand.
“Our teams deserve the highest recognition: they handed over every stone during the crisis, fundamentally changed the fleet and flight schedules – with many new impulses, especially in the field of tourism”, comments Kai Duve, CFO of Eurowings. “ This is how we evolved from an airline with a strong domestic focus to a leading European leisure airline. We benefit significantly from this repositioning as “Europe’s Value Airline… After all these difficult years, this is a historic milestone for Eurowings. »