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Austerity Package: AUA in Difficulties
The implementation of further austerity measures faces resistance. Moreover, competition for Austrian Airlines becomes even stronger.
Austerity Package: AUA in Difficulties / Picture: © Austrian Airlines / Flickr Attribution-NonCommercial-ShareAlike 2.0 Generic (CC BY-NC-SA 2.0)
Lufthansa, the holding company of AUA, announced to implement austerity measures with a volume of € 1.5bn. CEO Christoph Franz underlines that the operating margin has to be improved. The whole group is concerned.
For Franz, AUA has to raise its contributions. Savings of € 100m would be not enough, in order to become profitable again. “AUA is far away from the profit zone.…
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