AUA Expected to Record High Losses Again

TransportAirlines & Airports ♦ 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 / Flickr Attribution-NonCommercial-ShareAlike 2.0 Generic (CC BY-NC-SA 2.0)

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…