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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.

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NEIL STEEDMAN has been a trade journalist, copywriter, editor and proofreader for 52 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 42 years.

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