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AUA Sharpens Austerity Measures
People ♦
Published: December 14, 2011; 14:31 ♦ (Vindobona)
The Viennese business location Austrian Airlines, a subsidiary of Lufthansa, has to become cheaper, says Lufthansa´s CEO Franz.
AUA Sharpens Austerity Measures / Picture: © Austrian Airlines / Flickr Attribution-NonCommercial-ShareAlike 2.0 Generic (CC BY-NC-SA 2.0)
According to Christoph Franz, CEO of Lufthansa, the Austrian government has fulfilled its obligations only partially. After the takeover in 2009, AUA still registers losses. The austerity measures of the last three years did not come to the wished results. “AUA is far away from profitability. And for 212, many expect a bad year for the airline industry.”, Franz says. As a result,…
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