Whereas Network airlines continued seeing rising passenger numbers (+2.5% to 7.45m), Eurowings saw the number dropping by 7.9% to 2.41m. However, both divisions improved their SLFs (+2.6pp to 81.2% and +1.0pp to 79.1%, respectively). However, a budget airline with a lower SLF than an incumbent one suggests that Eurowings’ profit problems are far from having been solved. Unfortunately, Lufthansa will no longer release these numbers on a monthly basis.
13 Jan 2020
The passenger number fell slightly in December
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The passenger number fell slightly in December
Deutsche Lufthansa AG (LHA:WBO) | 0 0 (-0.3%) | Mkt Cap: 12,564m
- Published:
13 Jan 2020 -
Author:
Hans-Peter Wodniok -
Pages:
2
Whereas Network airlines continued seeing rising passenger numbers (+2.5% to 7.45m), Eurowings saw the number dropping by 7.9% to 2.41m. However, both divisions improved their SLFs (+2.6pp to 81.2% and +1.0pp to 79.1%, respectively). However, a budget airline with a lower SLF than an incumbent one suggests that Eurowings’ profit problems are far from having been solved. Unfortunately, Lufthansa will no longer release these numbers on a monthly basis.