Surprising Profit at AUA

TransportAirlines & Airports ♦ Published: August 2, 2012; 17:15 ♦ (Vindobona)

Due to special items, Austrian Airlines could achieve positive results in the first half year of 2012.

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

In the first six months of 2012, AUA achieved a positive net income of € 26m. However, this was only due to a special item of € 135m. After the transfer of undertakings, Austrian Airlines will have to grant lower severance payments in future. Pension contributions will decrease as salaries will be frozen for the majority of AUA´s workforce.

AUA´s CEO Jaan Albrecht added…