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Lufthansa Holds On Austrian Airlines
People ♦
Published: October 15, 2011; 18:05 ♦ (Vindobona)
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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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