Lufthansa Holds On Austrian Airlines

People ♦ Published: October 15, 2011; 18:05 ♦ (Vindobona)

The German Airline will keep its Austrian subsidiary despite of persisting losses.

Lufthansa Holds On Austrian Airlines / Picture: © Lufthansa AG

„Our target for AUA is to realizes operating profits in 2012.”, Lufthansa´s CFO Stephan Gemkow stated. In 2011, Austrian Airlines will not fulfill the estimations. Again losses are expected.

Gemkow emphasized that Lufthansa holds on AUA: „We already have invested a triple-digit million amount for AUA and new planes.“ By 2012/13, the competitive situation for AUA will…

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