„AUA is no Protected Area Anymore“

Published: April 18, 2012; 17:06 · (Vindobona)

Lufthansa´s CEO Christoph Franz underlined not to accept permanent losses of the Austrian subsidiary AUA. “There is no protected area at Lufthansa anymore.”

„AUA is no Protected Area Anymore“ / Picture: © Lufthansa AG

The restructuring process of AUA seems to be endless. After the last year, when Lufthansa-owned Austrian Airlines recorded losses of € 65m, the airline will not leave the loss zone this year.

In 2012, the loss making AUA is anticipated not to reach the turnaround. In the first quarter, fees and fuel caused higher costs of € 28m. Also higher passenger number cannot offset this…

This article includes a total of 418 words.

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