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The airline Eurowings has reported a positive financial outcome for the first nine months of 2024, with an Adjusted EBIT of EUR 152 million. This marks an improvement from the EUR 147 million profit recorded in the same period last year. The airline is part of the Lufthansa Group and specializes in affordable business and leisure flights.
Eurowings attributes its strong performance to strategic changes made since the Covid crisis, including an accelerated expansion into the tourism sector. This shift helped increase turnover to 2.2 billion euros, with over 18 million passengers carried during this period. The airline expanded its flight schedule to include more than 150 destinations across 39 countries.
CEO Jens Bischof commented on the achievement: "This outstanding result is a strong team performance. It deserves all the more respect because we are operating in a market in Germany with rapidly rising infrastructure and location costs, which are making flights increasingly expensive and therefore less profitable on many routes." He also noted that Eurowings is strengthening its position outside Germany as a value airline for Europe.
