Pearyland
Topic Author
Posts: 26
Joined: Mon Jun 21, 2004 8:37 am

Significant Loss In Profit Of Eurowings

Tue Jun 22, 2004 12:51 am

Hey everybody,

on of the big players in the European Regional Market, German Eurowings, has reported a significant lost in profit. Due to the Crisis in the Economy and due to the launch of its wholly owned LCC subsidiary Germanwings the Profit sank from 5,3 Million Euro. Although the profit is down (compared to 2002) passenger numbers developed positive from 3,8 million to 5,3 million.

Eurowings is a subsidiary of German Lufthansa which has a Stake of 49% in the Regional Airline

Are the Passengers of its subsidiary Germwings included in the 5,36 Million Figure?
 
backfire
Posts: 3467
Joined: Fri Oct 06, 2006 8:01 am

RE: Significant Loss In Profit Of Eurowings

Tue Jun 22, 2004 4:21 am

Are the Passengers of its subsidiary Germwings included in the 5,36 Million Figure?

Yes. Of the 5.3 million, 2.8 million were on Germanwings.
 
Pearyland
Topic Author
Posts: 26
Joined: Mon Jun 21, 2004 8:37 am

RE: Significant Loss In Profit Of Eurowings

Tue Jun 22, 2004 4:28 am

Thank you

I lost on figure, sorry.

Her she is:

The profit sank from 5,3 Million Euro to just 0,9 Million Euro. A loss of over 80 percent!