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AUA: Still Losses, But There Is an Upward Trend
Losses and costs fall, passenger numbers rise. Restructuring measures show results, but the target has not been reached yet, according to the board.
AUA: Still Losses, But There Is an Upward Trend / Picture: © Wikimedia Commons / Austrian Airlines from Austria [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)]
Austrian Airlines (AUA), a subsidiary of German Lufthansa is not coming out of the red yet, although negative figures are not so dramatic any more. The losses in the first nine months of 2010 are estimated at 44.4 million euro (61 million dollars). The first nine months of the previous year showed a loss of 164.6 million euro (228 million dollars).
Andreas Bierwirth and Peter…
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