in EUR m | 2025 | 2024 | 2023 |
Catering and other | 4,588.4 | 4,427.4 | 3,908.1 |
Retail on board | 304.2 | 316.3 | 288.4 |
Equipment and Food services | 714.9 | 729.0 | 641.6 |
Total | 5,607.5 | 5,472.7 | 4,838.1 |
Catering revenue includes on board catering and related logistic services. Other revenue includes mainly income from non-catering services, such as laundry, aircraft cleaning, lounge and security services, and asset management. Retail on board revenue comprises the sale of food and non-food products directly to passengers. Equipment revenue includes revenue from the sale of food contact items (such as cutlery, cups, glasses and plates), and comfort items (such as headsets, blankets and amenity kits). Food services include revenue not related to the aviation business.
Payment terms are individually agreed with the Group’s customers and are tailored to the specific factors relating to each customer contract.
in EUR m | 2025 | 2024 | 2023 |
Deferred revenue (Note 3.11) | (1.7) | (2.4) | (1.8) |
Total contract liabilities | (1.7) | (2.4) | (1.8) |
Contract liabilities are recognized and settled continuously in the normal course of business.
From time to time the Group enters into service contracts, whereby an up-front contract payment is made to a customer. These are made as an integral part of a long-term agreement with such customers. These up-front payments are recognized in other prepayments and other non-current receivables (Note 3.2). They are released over the life of the related contract as a reduction of revenue. Movements on the up-front contract payments are as follows:
in EUR m | 2025 | 2024 | 2023 |
Balance at January 1 | 46.8 | 50.4 | 59.6 |
Additions | 2.8 | 5.7 | 0.7 |
Write-offs / reclassifications / reversals | (6.9) | (0.6) | (0.8) |
Release of deferred contract payments for the year | (5.7) | (7.0) | (7.5) |
Exchange differences | (3.4) | (1.7) | (1.6) |
Balance at December 31 | 33.6 | 46.8 | 50.4 |
Revenue is recognized at an amount that reflects the consideration to which the Group expects to be entitled in exchange for transferring goods or services to a customer. Revenue is reduced by estimated volume rebates and other similar allowances. These elements are generally determined by applying the expected value method. The Group recognizes revenue when it transfers control over a product or service to a customer. Contract assets primarily relate to the Group’s right to consideration for which the group does not yet have a right to consideration that is unconditional. Contract liabilities consist mainly of deferred revenue, which is recognized when the consideration from the customer has been received but the performance obligations have not yet been satisfied. Revenue for all categories is recognized at a point in time.