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AUA Remains in the Red in 2011
Companies ♦
Published: October 27, 2011; 11:27 ♦ (Vindobona)
The Austrian carrier improved its operating profit by 30% in the third quarter 2011. A positive result, however, will not be achieved in the full year.
AUA Remains in the Red in 2011 / Picture: © Vindobona.org
Austrian Airlines achieved an operating profit of € 31.6m in the third quarter of 2011, thereby improving its result by 30% (third quarter of 2010: € 24.3m). Cumulatively, this means an operating loss of € 31.5m for the first nine months of 2011. This is the equivalent of an improvement of 29% compared to the previous year (1-9/2010: € -44.4m). The EBITDA fell by 10.8% to €…
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