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Austrian Airlines Cannot Achieve Turnaround
The Austrian Airlines, which is in a restructuring process, is still deep in the red. In the first quarter of 2011, operating losses amounted to € 63.5m.
Austrian Airlines Cannot Achieve Turnaround / Picture: © Wikimedia Commons / Alf van Beem, CC0
"Due to developments worldwide during the first quarter of 2011, the situation on markets has been significantly more difficult than expected at the beginning of the year also for Austrian Airlines. The crises in Japan and the Middle East are having a particularly noticeable negative impact on the result, as these crisis regions account for some 20 percent of the company’s Available…
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