Tourexpi
Eurowings with another strong annual result
The
airline Eurowings has once again achieved a positive annual result thanks to
continued strong demand, particularly for tourist flights. The Lufthansa
Group's point-to-point business segment – consisting of Eurowings and the stake
in SunExpress – posted a positive result of 203 million euros (adjusted EBIT)
in 2024. Eurowings is thus defying the difficult conditions in German air
traffic with its high location costs and sharply rising taxes and fees.
The
once again profitable financial year is largely due to the focus on and
expansion of the tourism business. In 2024, around 23 million passengers chose
Eurowings, which recorded an 11 percent increase in revenue to around EUR 2.9
billion. The number of employees rose to 5,300. As part of its expansion,
Eurowings benefited in particular from the first direct connections to the Gulf
region, which were successively expanded due to strong demand. Germany's
largest leisure airline connects the destinations of Dubai, Jeddah and – in
future – Abu Dhabi with German metropolitan regions such as Berlin. Strong
impulses for growth are also coming from the establishment of the company's own
tour operator. Eurowings Holidays offers the more than 20 million customers of
Eurowings tailor-made and fully relaxed holiday packages from a single source.
The new company is set to become one of the ‘top ten’ German tour operators in
the next few years.
Jens
Bischof, CEO Eurowings: "The strong 2024 result is first and foremost an
outstanding team effort by our employees throughout Europe, which deserves the
highest recognition. The figures also show that our repositioning as a value
airline for Europe is increasingly bearing fruit. This motivates us to continue
this success story in 2025."
Image Credit:
© Eurowings
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