There is a “Greta-effect”, which would have an impact on the business of the German Lufthansa? Oh what. The turnover of the group increases, only the profits are down – but that has to do with the competition, not with ‘flight of shame’.
Thus, the changes of everyday behavior is to take to help the environment: the. Even if the Swedish student, Greta Thunberg dispensed with on the fly, and many (like find Younger), it is now embarrassing for a plane to climb: traces of it in the business figures for the largest European airline group, the Lufthansa, in vain.
Although the Lufthansa broke-profit in the last quarter, due to a provision for taxes to at least 70 percent to 226 million euros and the result before taxes dropped to a quarter of the way to 754 million euros. But in the group that included the Swiss, Swiss, and Austrian Airlines ‘ own low-cost subsidiary Euro wings, increased sales by four percent to 9.6 billion euros.
Cheap brand of the Lufthansa Eurowings
In the case of Lufthansa it reads like this: “”persistent Overcapacity, aggressive competition and an increasingly price-sensitive demand”.
“Overcapacity, price-sensitive demand,”
In any case, the number of travellers moved on to German airports in the last half of the year again, and while 4.2 percent of the 117 million people get on a plane. ‘Flight of shame’ is likely to look different. This is also true for the Younger ones, know leisure researchers. The Süddeutsche Zeitung has recently pointed out that young adults between 20 and 29 years – “a little older than those who go on Fridays to the streets” – to take significantly more a plane than the age of 40.
Summarized by the Federal Association of the German air traffic economy (BDL): “We see no decline of the climate protection discussion in the context”, so BDL-representative Matthias von Randow.
Stronger than on the environment, the traveller pays attention is usually on the money. The benefits of the low-cost airlines and the Lufthansa to feel. The Irish low cost Ryanair brand has been promoted in the three months since April, equal to 11 percent more passengers. But here, too, a similar picture as in the case of Lufthansa: The sales increase, the profit but bags. Ryanair earned 21 percent less than before, and came to 243 million euros. Because the ticket prices dropped, the competition in the sky is great.
“Friday for the future” – students protest here in New York City
The and not ‘Greta-effect’ or ‘flight of shame’ is likely to also be the Background for the reports, according to which the Lufthansa group is thinking about a remodeling. While group is in-chief Carsten Spohr quote with the sentence, the Lufthansa feel with the current structure well. However, rumors of this structure stand to Change keep. So, the German Handelsblatt reported it was considering a new Holding company structure at Lufthansa. So far, the structure is determined by the different competences of the group management Board, about the sales, turnstiles, and operating procedures.
Holding structure for Lufthansa?
The work so far, for all brands of the group, whether for the classic Lufthansa, for the acquisitions from Austria or Switzerland, AUA and Swiss, or the cheap brand of Eurowings. In contrast, these brands in a new Holding company would be substantially independent of the Obesity of the premium line, Lufthansa, is sometimes criticised by observers from the state. Especially Eurowings, so the calculus could then operate more freely and the competition offer.
With dumping prices against Ryanair?
So far, the Euro wings is the problem child of the Lufthansa group. The low-cost airline subsidiary, wrote in the first six months of a loss of 273 million euros, 50 million more than in the same period last year. Maybe it’s because of what a competitor Ryanair claims and bitter: Lufthansa marketing “Overcapacity complained at prices below the cost”. Want to say: Euro wings offer dumping prices in order to secure its market share.
The ticket prices from German airports increased in the last half of the year, a total of only two percent. And in the cheap sector, the price war in the Rest of the year is likely to continue, says a Lufthansa spokesman. The demand, however, will hardly fall, the ‘flight of shame’ in Spite of. But in the supermarket it has taken a long time, prevailed until the more expensive organic tomato against the mass-produced goods and the cheap pork chop is not always the first choice appears.
ar/hb (rtr, dpa, afp – archive)