Austrian Airlines: Worse Results Than Expected

TransportAirlines & Airports ♦ Published: May 2, 2013; 09:05 ♦ (Vindobona)

Results of the first quarter of 2013: Austrian Airlines improves earnings by EUR 11 million only.

Austrian Airlines: Worse Results Than Expected / Picture: © Austrian Airlines / Flickr Attribution-NonCommercial-ShareAlike 2.0 Generic (CC BY-NC-SA 2.0)

• Operating result improves from to minus EUR 56 million

• Cost basis reduced by 3 percent despite explosive rise in airline fees

• Turnaround remains the primary business target for the year 2013

The Austrian Airlines Group continued to make progress in its restructuring program, as shown by its financial performance indicators, in spite of a difficult…