The EU aviation sector secures over 9 million jobs and creates value worth 512 billion euros. But this success story is at risk: Europe’s airlines expect an after-tax profit of only 2.1 billion euros for 2014. That corresponds to merely about 2.40 euros per passenger – the price of 2 scoops of ice cream. With an average operating profit margin of little more than one percent, Europe’s airlines for years have been far behind their global competitors.
What should be done so that Europe’s aviation sector does not permanently remain decoupled from global growth? In the current Policy Brief, Lufthansa offer answers and thus wants to help ensure that also in the future, Europe stays linked to all the major centers of the world through direct flights.
Read about these and other issues in the new Policy Brief: