AUA: Additional Savings Needed

TransportAirlines & Airports ♦ Published: April 7, 2011; 08:27 ♦ (Vindobona)

The restructuring program of AUA is not sufficient to bring the company into positive numbers in view of the events in Japan and North Africa.

AUA: Additional Savings Needed / Picture: © Wikimedia Commons / Alf van Beem, CC0

AUA, despite all restructuring efforts, are in no position to obtain positive results without further savings measures. The airline industry is affected by the crises in Japan and North Africa.

In addition, increased competition has to be taken into account, and also new sharp rises in fuel prices. Overall, additional costs of over € 30m are expected for the current…