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Austrian Airlines Not Profitable Before 2013

Published: September 12, 2012; 18:53 · (Vindobona)

The Austrian subsidiary of Lufthansa will not achieve a positive net income this year.

Austrian Airlines Not Profitable Before 2013 / Picture: © Austrian Airlines

Since 2003, Austrian Airlines has recorded losses in a row. This year, the operating result will be negative, AUA´s CEO Jaan Albrecht says. However, the austerity package shows first effects since July, he says. In 2013, the airline is expected to record profits again. “Unless the market does not allow this.” Albrecht explained. The big question is the development of the kerosene…

This article includes a total of 234 words.

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