The Eurowings Group announced their successful closing of the financial year 2004. The results of Eurowings, a regionally operating airline, basically have been influenced by their partnership with Lufthansa German Airlines…
The Eurowings Group announced their successful closing of the financial year 2004. The results of Eurowings, a regionally operating airline, basically have been influenced by their partnership with Lufthansa German Airlines, as well as by the boom of their affiliate company germanwings, operating as low budget airline in Germany and Europe. 14,8 Million Euro has been the operative result, and the profit after tax shows 6,4 Million Euro (0,9 Million in 2003). Eurowings and germanwings together have achieved a turn over of 473 Million Euro and an increase in passengers by another 23% to 6,5 Million passengers.
While Eurowings operate with 45 airplanes, Germanwings` fleet counts 16 Airbus planes. The seat load factor of the low budget airline has been increased from 77,8 % in 2003 to 82% last year.
2004 has been a successful year for the Eurowings Group, Friedrich-Wilhelm Weitholz, chairman of the board stated. Both trade marks, Eurowings and germanwings, contributed to a perfect strategic positioning. As a Partner of Lufthansa German Airlines, Eurowings can profit from the increasing demand of business travel within the Lufthansa and Star Alliance network. Especially the low budget airline Germanwings participated in the increasing travel demand of private as well as business travel. We have discovered, that both target groups, private travellers as well as business travellers, are more price- sensitive than ever, Mr. Weitholz explained. Small businesses but also larger companies make use of the offer of now frills airlines.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
