Lufthansa Increases Pressure on AUA

People ♦ Published: February 18, 2011; 00:44 ♦ (Vindobona)

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

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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