The catering is waiting to come on board (Photo: Jan Gruber).
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Do & Co: Airline business collapses

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The CoV pandemic pushed the listed catering company even deeper into the red in the 2020/21 financial year.

The bottom line was a deficit of 35,5 million euros, after a loss of 24,9 million euros in the previous year. Sales fell during the pandemic by more than two thirds from 935,4 million to 253,5 million euros, as the group announced on Thursday. In the Airline Catering segment, sales revenues plummeted from 670,3 to 188,6 million euros.

Doch DO&CO serviert auch positive Signale: Im dritten und im vierten Geschäftsquartal sei die Trendwende hin zu einem Konzerngewinn geschafft worden. Im US-Geschäft habe es eine „signifikante Expansion“ gegeben. Mit Delta Air Lines in Detroit sei beispielsweise ein Zehnjahresvertrag abgeschlossen worden. Mit Austrian Airlines setzt DO&CO seine seit 2007 bestehende Partnerschaft weiter fort – der mit Ende 2021 auslaufende Cateringvertrag sei vorzeitig um weitere sechs Jahre bis Ende 2027 verlängert worden.

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