AUA Expected to Record High Losses Again

Published: April 12, 2012; 22:18 · (Vindobona)

This year, Lufthansa-owned Austrian Airlines is anticipated not to reach the profit zone. In the first quarter, fees and fuel caused higher costs of € 28m.

AUA Expected to Record High Losses Again / Picture: © Austrian Airlines

AUA does not come out the loss area. Even in 2012, the turnaround will not be reached. Due to higher fuel prices, taxes and fees, AUA faced additional costs of € 28m in the first quarter. Also higher passenger number cannot offset this development. As a result, external effects are eating up substantial parts of the austerity package.

For market observers it is clear that the…

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AUA Expected to Record High Losses Again

This year, Lufthansa-owned Austrian Airlines is anticipated not to reach the profit zone. In the first quarter, fees and fuel caused higher costs of € 28m.

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Sign up to read articles for free and to get personalized updates on the events that interest you.