AUA Expected to Record High Losses Again

Transport › Airlines & 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: © Vindobona.org

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…

or Log In

Fast News Search
Related News
Austrian Airlines Record All-Time-High in Passengers (April 12, 2012)
„AUA Must Achieve Turnaround on its own“ (April 7, 2012)
AUA Considers Leasing Pilots (March 31, 2012)
AUA: Trade Union Terminates Collective Agreement (March 23, 2012)
AUA: „Restructuring, Not Breaking Up“ (March 19, 2012)
Read More
Christoph Franz, Restructuring, Airline Industry, Germany, Lufthansa, AUA Austrian Airlines, Taxation, VIA Vienna International Airport, Capital Increase, Earnings, Tyrolean
Featured
See latest Vindobona Newsletter