News

Lufthansa Announces Turnaround Plan for Eurowings

Lufthansa Announces Turnaround Plan for Eurowings

Following its issue of a profit warning last week, Lufthansa has announced a turnaround plan for its low-cost Eurowings subsidiary, citing poor margins at the airline compared with its competitors. Eurowings’ revenue is forecast to fall sharply in this year’s second quarter. 

Eurowings will be given be a clear focus on short-haul, point-to-point operations and will be standardised with a fleet of A320 aircrft. It will also be simplified with a reduction to one air operators’ certificate, located in Germany.

Lufthansa hopes that these changes will enable Eurowings to cut costs, measured in available seat kilometres, by 15% by 2022.

There will be no integration between Brussels Airlines and Eurowings. A separate turnaround plan is expected for the Belgian-based carrier in the third quarter of the year.

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NEIL STEEDMAN has been a trade journalist, editor and proofreader for 53 years, and ITTN's News & Features Editor for 43 years. His travel blog is at www.thetravelbuddhist.com.

More in News

New York Wants to Offer Free Vaccines to Tourists

Fionn DavenportMay 7, 2021

Stena Line & Irish Ferries call for Reopening of Common Travel Area

Fionn DavenportMay 7, 2021

British Airways’s New Ad is All About You

Fionn DavenportMay 7, 2021

UK Tourism Bodies Appeal for Greater Clarity & Flexibility Around International Travel

Fionn DavenportMay 7, 2021

ECTAA Webinar to Push Croatia as a ‘Safe & Attractive’ Destination

Fionn DavenportMay 7, 2021

Time to Start ‘Planning our Summer’, says Holohan as 30% of Adults Receive First Covid Jab

Fionn DavenportMay 7, 2021

IATA Brands Spanish Airport Charge Hike as ‘Irresponsible’

Fionn DavenportMay 7, 2021

Losses Mount for IAG as Forecast is For Subdued Return

Fionn DavenportMay 7, 2021

Ireland had EU’s Most Stringent Lockdown this Year

Fionn DavenportMay 7, 2021

Copyright © 2021 ittn