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Lufthansa Increases Pressure on AUA
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Published: February 18, 2011; 00:44 ♦ (Vindobona)
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The German parent company intends to convert the previously loss-making Austrian Airlines into a profitable company at last.
Lufthansa Increases Pressure on AUA / Picture: © Austrian Airlines / Flickr Attribution-NonCommercial-ShareAlike 2.0 Generic (CC BY-NC-SA 2.0)
Losses of Austrian Airlines are to be finally turned into profits following a three-stage plan. Clear expectation are set hereby on AUA purchased in 2009. That year, the airline posted a loss of € 50m. At least the cash flow should not be negative in the current year, and an operating profit of € 50m is already expected for 2011. As of 2012, overall results are finally…
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