Dublin Airlines Retail Company Signs US Carriers Breeze and Frontier
Retail in Motion, the Dublin-based Lufthansa subsidiary that provides a suite of retail solutions to commercial airlines, has won a number of new customers, including US start-up Breeze, as the company emerges from the impact of the pandemic.
n newly filed accounts for the company, which show that it recorded a loss of 11 million euros last year, Retail in Motion notes that it has benefited this year from a number of “very important “as airlines modernize or replace old outlets and packaging devices.
âThe company started providing technology services to Lufthansa, Swiss Airlines, Austrian Airlines and Eurowings Discover during the first half of 2011,â the company noted. These last three carriers are part of the Lufthansa group.
He confirmed that he has also started implementation work with Denver-headquartered Frontier Airlines and US start-up Breeze, as well as with Greece’s Aegean and other airlines.
The company’s turnover plunged to 26.2 million euros in 2020 from 98.1 million euros a year earlier.
However, he said he continues to invest in his business and has just received a â¬ 4 million loan from his immediate parent company, Lufthansa Service Holding, to support this investment.
Retail in Motion’s loss last year compared to a profit of 1.4 million euros in 2019.
The company provides a suite of retail solutions for commercial airlines. It helps carriers customize their in-flight sales catalogs, as well as provide technologies such as mobile applications for crew and passengers. It also provides supply chain logistics services.
Company executives noted that it had been “significantly affected” by the pandemic.
The company currently expects 2021 revenues to be 50% higher than 2020 revenues, with a stronger recovery starting in the summer of 2021 as immunization programs gain traction around the world and our customers are resuming their activities more fully “, note the administrators.
But this year’s revenue will still only be half of that generated in 2019, and the company expects a loss of around â¬ 3 million this year. However, he expects revenue to exceed â¬ 100m in 2022. He also expects to realize a small after-tax loss in 2022 as he invests in his ability to capitalize on new opportunities.
Retail in Motion said it was encouraged by the increase in demand it saw.