New Record Loss at AUA

Businessn.a. ♦ Published: May 3, 2012; 10:41 ♦ (Vindobona)

Bad news for Austrian Airlines: the result from operating activities reaches € -66.7m. AUA refers to higher kerosene prices and the air travel tax. Nevertheless, the turnaround should be reached in 2013.

New Record Loss at AUA / Picture: © Austrian Airlines / Flickr Attribution-NonCommercial-ShareAlike 2.0 Generic (CC BY-NC-SA 2.0)

In the first quarter of 2012, Austrian Airlines generated a result from operating activities of minus € 66.7m, a decline of five percent from the previous year (Q1 2011: minus € 63.5m). The total operating income amounted to € 464.3m, a rise of 3.8 percent from the prior-year (Q1 2011: € 447.4m). EBITA totaled minus € 26.9m, a drop of 19.2 percent from same period in 2011 (Q1…