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Austrian Airlines Reports Weaker Result Despite Passenger Growth
Austrian Airlines (AUA) was able to increase its passenger numbers, the number of flights, and revenue by five percent in 2024. Nevertheless, the airline recorded a significant decline in its adjusted operating result (Adjusted EBIT), which fell by 40 percent to EUR 76 million. The Lufthansa subsidiary explained this with special one-off effects such as strikes in the first quarter and high costs as a result of geopolitical developments.
AUA is optimistic about the future, aiming for a clear three-digit million EBIT and an EBIT margin of 8% by 2025 despite challenges. / Picture: © Austrian Airlines / Flickr Attribution-NonCommercial-ShareAlike 2.0 Generic (CC BY-NC-SA 2.0)
According to AUA CEO Annette Mann, 2024 was characterized by difficult conditions. The first half of the year in particular hurt earnings. In addition to strike costs of at least EUR 35 million, the flight ban in the Middle East due to geopolitical tensions led to further burdens of around EUR 40 million. Despite these challenges, the third quarter proved to be a “record quarter”…
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