Austerity Package: AUA in Difficulties

Transport › Airlines & Airports ♦ Published: January 7, 2012; 19:23 ♦ (Vindobona)

The implementation of further austerity measures faces resistance. Moreover, competition for Austrian Airlines becomes even stronger.

Austerity Package: AUA in Difficulties / Picture: © Vindobona.org

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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