Eurowings

Eurowings is the value airline for point-to-point traffic

With clear positioning as Europe’s value airline for private and business travellers, Eurowings clearly sets itself apart from the segment of ultra-low-cost carriers. It enables its customers affordable flying with innovative and customer-friendly services. With its value concept the airline responds to the core demands of today’s airline passengers, for whom flexibility, comfort and sustainability are decisive.

Eurowings’ route network focuses on short- and medium-haul point-to-point traffic and addresses the structural growth in the private travel segment. Eurowings offers non-stop flights to more than 150 destinations in Europe and beyond. With an attractive route network and 13 international bases - including Mallorca, Europe’s number one holiday island - Eurowings is one of Europe’s largest holiday airlines. Eurowings currently has a fleet of 100 aircraft.

Eurowings consists of two different flight operations. While Eurowings Germany offers flights from Germany to European destinations, Eurowings Europe covers pan-European routes. Eurowings Europe operates from its international bases in Palma de Mallorca, Salzburg, Graz, Prague and Stockholm and offers travellers a growing selection of holiday destinations and attractive city connections in Europe.

Neo fleet completed at Eurowings

Eurowings added one A320neo and one A321neo to its fleet in the reporting year. All the A320/321neos on order for Eurowings have now been delivered. Eurowings’ fleet of neos consists of eight A320neos and five A321neos. 

Eurowings develops partnerships

Eurowings and SunExpress signed an interline agreement for selected flight segments in July 2024. This gives travellers from Europe to Türkiye and vice versa additional flight options. As part of this collaboration, both partners are working on a code-share agreement to bring additional benefits to passengers.

Eurowings signed a bilateral code-share agreement with Aegean Airlines in September 2024. Selected flights from the largest Greek airline can now also be booked under Eurowings flight numbers. Eurowings connections are also offered under flight numbers from Aegean Airlines and sold via the two partner airlines’ distribution channels. Customers from both airlines benefit from an increasing range of direct connections to popular tourist regions in Greece and the Mediterranean, including Heraklion, Thessaloniki and Athens. The plan is to gradually expand the joint route network.

Eurowings expands its BIZclass capacity

Due to a significant increase in demand, Eurowings is expanding its BIZclass capacity. In future, on all Eurowings flights using the Airbus A319 and A320 aircraft types, the first four rows will be reserved for BIZclass travellers, instead of the first three rows as is currently the case. Passengers booking premium fare tickets will secure benefits such as a choice of seat, an empty middle seat, a larger free luggage allowance as well as catering à la carte and lounge access. 

Eurowings Holidays tour operator brand is growing

The Eurowings Holidays tour operator brand continued to grow in the reporting year. At their peak, sales of its all-inclusive products already exceed 1,000 per day. Eurowings Holidays is cooperating with DERTOUR Deutschland as part of its growth strategy, thus creating new products in the dynamic package travel segment which is experiencing a high rate of growth. Both partners are now able to jointly offer attractive all-inclusive travel packages for popular city and holiday destinations. From 2025 onwards, Eurowings aims to use digital innovations to establish Eurowings Holidays as one of Germany’s ten largest tour operator brands.

Eurowings enables on-board purchasing of sustainable kerosene (SAF)

Eurowings is the first airline worldwide to introduce an option to purchase sustainable kerosene during a flight. Passengers can offset the flight-related carbon emissions arising for an average Eurozone route distance by purchasing Eurowings’ new organic fruit smoothie “SAFt”. This offset consists of two different components: sustainable aviation fuels (SAF) reduce flight-related carbon emissions by 10%. The remaining 90% is offset by means of a contribution to a climate project portfolio featuring Eurowings’ partners myclimate, Climate Partner and SQUAKE.

Eurowings signs collective bargaining agreements with trade unions

Eurowings and the trade union ver.di signed a new collective wage agreement for ground staff and a framework agreement for cabin crew in the reporting year. It concluded a framework agreement for cockpit crew with the Vereinigung Cockpit pilots’ union. ↗ Employees.

Significant rise in capacity and passenger numbers

Eurowings registered a strong level of demand for tourist flights in particular in the 2024 financial year and expanded its capacity accordingly. The number of passengers carried by Eurowings grew by 10% to 22.8m in the reporting year (previous year: 20.8 million). Capacity increased by 13%. It thus reached 112% of its 2019 pre-crisis level. The number of flights rose by 6% year-on-year, while sales were up 14%. At 84.8%, the passenger load factor was 0.7 percentage points higher than the previous year’s level (previous year: 84.1%). Yields fell by 1.9%. Traffic revenue of EUR 2,872m was 11% higher than in the previous year (previous year: EUR 2,580m).

Revenue up by 11% year-on-year, Adjusted EBIT of EUR 203m realised

Eurowings’ revenue increased by 11% in the reporting year to EUR 2,872m (previous year: EUR 2,592m). This was due to higher volumes and prices. Operating income of EUR 2,983m was 10% up on the previous year (previous year: EUR 2,711m).

Operating expenses increased by 9% in the reporting year to EUR 2,855m (previous year: EUR 2,631m). The cost of materials and services was 5% higher than in the previous year, due mainly to volumes and prices as a result of higher fees and charges (+7%), higher expenses for external MRO services (+14%) and expenses for wet leases (+13%). Staff costs rose by 17% due to the recruitment activities pursued in the context of the ongoing expansion of the airline’s flight programme.

At EUR 203m, Eurowings’ Adjusted EBIT was close to the previous year’s level (previous year: EUR 205m). This includes the result of the equity investment in SunExpress of EUR 75m (previous year: EUR 125m). Eurowings improved its earnings significantly year on year in the second half of 2024.

The Adjusted EBIT margin declined by 0.8 percentage points to 7.1% (previous year: 7.9%) in the reporting year. EBIT rose by 8%, to EUR 261m (previous year: EUR 241m). The difference compared with Adjusted EBIT is primarily due to book gains from the sale-and-lease-back of eight Airbus A320/A321s.