Lufthansa Reveals Major Shake-up of Eurowings | Aviation International News

Lufthansa Reveals Major Shake-up of Eurowings

The low-cost carrier will solely focus on short-haul ops, reduce growth, and bring down costs to trim losses.

Eurowings will transfer the commercial responsibility of its long-haul flights to Lufthansa group network airlines as it changes its strategic focus to point-to-point, short-haul services. (Photo: Eurowings)

By Cathy Buyck • Contributor - Europe

June 24, 2019

Eurowings will close several bases, focus on short-haul operations aboard Airbus A320-family aircraft, and temper annual capacity growth until 2022 to just one percent as part of a major overhaul revealed on Monday by its parent company. The comprehensive turnaround measures aim to bring the budget carrier “to profit as swiftly as possible and sustainably generate value for shareholders,” Lufthansa Group told investors and analysts during its capital markets day. Eurowings carried 7.5 million passengers in the first quarter and posted an adjusted operating loss of €257 million ($292 million) on revenue of €805 million.

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