ANNUAL REPORT 2004 - REWE Group

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own travel specials online. For LTU, 2004 was a record
year with six million passengers and a capacity utilisation
rate of over 88 per cent. Turnover rose by more than six
per cent to 850 million euros. Although the airline failed
to return to the black in 2004 because of the
dramatic price hikes in jet fuel, the cumulative efforts to
revitalise the company remained ahead of planning.
Despite the tsunami natural disaster at the beginning of
2005, Rewe Touristik is quite optimistic for the current
travel and tourism year. The number of summer bookings
is up by a wide margin. It appears that the turnover from
the previous year will be markedly exceeded in 2005 and
that Rewe Touristik can develop better than its main
competitors.