vandoc wrote:senatorflyer wrote:As far as I recall Eurowings’ financials didn’t improve a single bit, the contrary is the case. Also Wizzair made a €275m net profit in 2018 while Eurowings had an EBIT of €-231m. Wouldn’t call that healthy.
Before 4U took over all flights beside FRA and MUC, LH made a huge loss well over 500 million on these flights. EW and 4U improved the balance sheet and in 2017 they made a profit. In 18 they made a significant loss due to the integration of some airberlin parts. EW is expected to turn a profit in 2019. Seeing from where they started, the tendency is positive.marcogr12 wrote:Eurowings has no bases in central europe..Only Germany,Austria and Palma Mallorca..Wizzair has bases in CE Europe and the Baltics,Balkans,VIE n LTN
Mea culpa, I meant the DACH-Region, so Germany, Austria and so on. In my atlas, back when I was in school, Poland or Hungary were still in eastern Europe and central Europe was DACH .
However the point was, EWs homemarket isn't just western Germany and further bases in Europe are planned.
Most likely they have made only a profit that year because Air Berlin went bust. This year started really bad and all previous years EW (Germanwings) have made a loss. Their cost structure is not much different to LH so it’s pretty useless as LCC.
https://investor-relations.lufthansagro ... 19-1-e.pdf And the losses get worse and worse.