Tourexpi
Eurowings achieves historic profit turnaround
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
The most interesting news
Wego and Tourism Authority of Thailand Partner for The Fourth Consecutive Year
Wego, the largest online travel marketplace in the Middle East and North Africa (MENA), is thrilled to announce its continued partnership with the Tourism Authority of Thailand (TAT) for the fourth consecutive year, showcasing the unparalleled beauty
Four Seasons Resort Maui Announces Diverse New Sommer Experiences In 2024
From private wellness experiences at sea to complimentary kids and family activities designed to connect guests to the destination and each other, the luxury beachfront Resort is more ready than ever to welcome summer travelers.
European Green Pioneer of Smart Tourism 2025 competition now open for applications!
The European Commission has launched the 2025 edition of the European Green Pioneer of Smart Tourism competition, inviting tourism destinations across Europe to showcase their innovative sustainable tourism practices.
Colorful Guizhou visiting France
The wonders of Southwest China's Guizhou province are being shared with the people of Paris, France until April 26 at the Mountain Park Province Colorful Guizhou Wind event.
Marriott International to Bring the Ritz-Carlton Reserve to Trojena, the Mountains of NEOM
Marriott International, Inc. announced it has signed an agreement with NEOM to open its second Ritz-Carlton Reserve in Saudi Arabia. Anticipated to open in Trojena, a year-round mountain destination located in the northwest region of the country, the
Oceania Cruises Debuts New Mediterranean Sailings for 2025
New sailings highlight European cities, holiday islands and lesser-known ports.
Venice introduces entrance fee for touristic old city
Some 7,000 tourists paid $5.35 to visit city on first day of test regulation
Hyatt Reveals Survey Findings on the Hotel Stay Needs of Neurodivergent Travelers
Hyatt collaborates with KultureCity for a survey of more than 1,000 neurodivergent individuals and caregivers to drive research-supported action.
Danish cyclist Andresen wins stage 5 of Tour of Türkiye
Tobias Lund Andresen retains general classification with a time of 18 hours, 51 minutes, and 57 seconds
Emirates arranges Autism Familiarisation Flight and Travel Rehearsal for 30 families
Furthering Dubai's commitment to accessible travel and to raise awareness of autism, Emirates invited 30 UAE families with neurodiverse children to have a real check in experience and familiarisation flight on the 24 April, in Terminal 3 Dubai Intern
Qatar Airways to Participate in ATM Dubai 2024 with the World’s First AI Digital Human Cabin Crew
The ‘Best Airline in the Middle East’ will offer industry experts the chance to interact with the latest generation of its revolutionary digital innovation at the Arabian Travel Market Dubai, from 6 to 9 May 2024.
Discover the Iconic Bosphorus Mansions
Architectural Marvels Contemplating İstanbul's Landmark Waterway.
Accor & Alesayi Holding Announce Abraj Omar Hotel & Residences Makkah – MGallery Collection
Accor, a world-leading hospitality group, in partnership with Alesayi Holding, a leader in the Saudi Arabian real estate market with a diverse portfolio of residential and commercial units, has announced plans for the opening of a new hotel and resid
Emirates offers children an exclusive player escort experience at the Olympique Lyonnais match
Emirates, the Official Main Sponsor of Olympique Lyonnais, sparked excitement on the field last weekend as it hosted children from local organisations, Hôpital Mère Enfant and Centre Léon Bérard on 14 April, 2024.
Warm temperatures prompt early surge in diving tourism in Turkish town of Kusadasi
Demand for diving high thanks to sunny weather and calm sea, diving instructor tells Anadolu.
Morocco’s first Radisson-branded hotel opens in Casablanca
Radisson Hotel Casablanca Gauthier La Citadelle opens its doors as the first upscale Radisson-branded hotel in Morocco. Situated in the heart of the vibrant Gauthier district in Casablanca, the thriving port city that fronts the Atlantic Ocean, the o
Hamad International Airport Sets New Record in Q1 2024, Surpassing Previous Q1 Figures
Doha's airport was just named the World's Best Airport 2024 by the prestigious Skytrax World Airport Awards.
May bank holidays: discover Europe spontaneously with Eurowings
Attractive last-minute ideas for a long weekend.
First brand-new Condor A320neo arrives in Frankfurt
Welcome D-ANCZ: The first brand-new A320neo aircraft is expected to arrive in Frankfurt at around 4 p.m. today.
Boeing posts net loss of $355M in 1st quarter
Aircraft maker’s revenue drops 7.5% year-on-year in Q1.
World of Hyatt Adds More Than 700 Boutique and Luxury Hotels and Villas from Mr & Mrs Smith
A global collection of carefully curated hotels provides members with authentic local experiences for earning and redeeming valuable World of Hyatt points.
