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Austrian Airlines: Worse Results Than Expected
Results of the first quarter of 2013: Austrian Airlines improves earnings by EUR 11 million only.
May 2, 2013
Cyprus Airways Threatened With Bankruptcy
According to Cyprian newspaper Fileleftheros, Cyprus Airways is about to fold.
April 4, 2013
CSA: Korean Air Gets In
The South Korean airline will take over the publicly held stake in the loss-making Czech carrier.
March 16, 2013
Austrian Airlines Records Profits
Due to one-time effects, the Austrian subsidiary of Lufthansa returns to the profit zone. Austrian Airlines expects the final turnaround in 2013.
March 14, 2013
Number of Passengers Goes down at Austrian Airlines
The passenger number declined by 3.8%. January-February 2013: passenger load factor up 3.2 percentage points.
March 13, 2013
CSA: Korean Air as Only Bidder
The Korean airline company aims to take over the publicly held stake in Czech Airlines (CSA). Korean Air only offers € 2.64m.
March 7, 2013
Czech Airlines May be Taken Over by Korean Air
The Korean airline company aims to take over the publicly held stake in Czech Airlines.
March 5, 2013
Poland: LOT Airline Downsizing Personnel
Due to the restructuring program, the unprofitable airline company has to lay off 360 workers.
March 2, 2013
LOT to be Privatized in 2013
LOT Polish Airlines faces a dramatic phase of restructuring. In order to saleable, the airline company will downsize radically.
February 19, 2013
Major Losses for Croatia Airlines
The publicly owned national carrier will introduce restructuring measures, the management announced.
February 16, 2013
Polish LOT Plans Mass Lay-Offs
In order to prevent a bankruptcy, the financially stricken airline has to downsize radically, Prime Minister Tusk says.
February 14, 2013
Austrian Airlines: Decrease in Passengers
Traffic Results of Austrian Airlines for January 2013: the airlines has carried 723,200 passengers in January. Positive trend in capacity utilization.
February 8, 2013
Turkish Airlines Expands Massively
According to CEO Temel Kotil, Turkish Airlines has an enormous growth potential. The function of Istanbul as hub between Asia and Europe is a crucial for Turkish Airlines.
February 6, 2013
Austrian Airlines: Small Increase in Passengers
Year 2012 as a whole: 1.8 percent rise in the number of passengers carried despite four fewer aircraft. In total, 11.5 Million Passengers Flew with Austrian Airlines.
January 10, 2013
Poland: LOT to Downsize Radically
The financially stricken Polish airline must scale-down its activities drastically in order to become profitable again
January 5, 2013
„We Have to Prove Ourselves in 2013“
Jaan Albrecht, CEO of Austrian Airlines, expects that the Austrian subsidiary of German Lufthansa will not need further financial aids from its holding company.
December 29, 2012
Poland: € 100m Aid for LOT
The Polish government grants a massive capital injection for the financially stricken airline.
December 27, 2012
CESEE: Airline Industry in Severe Crisis
The airline industry in East and Southeast Europe faces enormous difficulties. Not only Polish LOT needs immediate help.
December 21, 2012
Poland Grants State Aid to LOT
Poland´s national airline LOT gets financial support of more than € 100m.
December 12, 2012
Austrian Airlines Increases Number of Passengers Carried
Traffic Results from January to November 2012: 1.7 percent more passengers carried. November 2012: Rising passenger volume despite fleet reduced by four aircraft. Positive trend in capacity utilization continues.
December 11, 2012
Austrian Airlines Cuts 150 Jobs
“Austrian Airlines Group sets forth its restructuring process.” the company announces and aims to achieve “further savings through the elimination of duplicate operations.”
December 11, 2012
Austrian Airlines: Up to 100 Jobs to be Cut
In order to reduce redundancies, Austrian Airlines (AUA) wants to streamline its company structure.
December 6, 2012
AUA to Strengthen CEE Network
After Air Berlin decided to reduce the number of flights from Vienna to Eastern European destinations, Austrian Airlines intends to fill the gap.
November 20, 2012
Austrian Airlines: Passenger Number Declines
From January – October 2012: 1.7 percent more passengers were carried. In October, the number of passengers was down slightly.
November 12, 2012
Austrian Airlines: Austerity Program Not Finished
In the first nine months, AUA´s operating income was positive. However, the restructuring process will go on.
November 2, 2012
Austrian Airlines Returns to Profits
AUA´s restructuring programme begins to take hold. The result for 3rd Quarter nearly doubled to € 61m.
October 31, 2012
Austrian Airlines: Number of Passengers Down in September
January-September 2012: 2.1 percent more passengers carried. September 2012: Fewer passengers due to reduction of capacity.
October 10, 2012
Austrian Airlines: Major Investments in Long-Haul Cabin
Austrian Airlines invests over 90 million euros in conversion of long-haul fleet.
October 9, 2012
Austrian Airlines Not Profitable Before 2013
The Austrian subsidiary of Lufthansa will not achieve a positive net income this year.
September 12, 2012
Austrian Airlines Harmonizes its Medium-Haul Fleet
First Airbus A320 to enter operation in fleet renewal lands in Vienna and is expected to be put into operation on 1st October 2012.
September 11, 2012
Austrian Airlines: Moderate Increase in Passengers
Austrian Airlines Traffic Results for August 2012: Targeted capacity adjusted, further improvement of passenger load factor.
September 11, 2012
New Airline for Hungary?
After the insolvency of Malev in March 2012, the Hungarian government is said to promote a new airline.
September 6, 2012
Fewer Passengers at Austrian Airlines
AUA´s capacity utilization rose substantially. Against July 2011, the number of passengers was down by 5.6%.
August 9, 2012
Surprising Profit at AUA
Due to special items, Austrian Airlines could achieve positive results in the first half year of 2012.
August 2, 2012
AUA: Auditors Found Inconsistencies
In 2007, Austrian Airlines should not have recorded a profit, but a substantial loss of € 235m, auditors says.
July 31, 2012
AUA Invests € 80m in Long Distance Flights
Lufthansa´s subsidiary Austrian Airlines upgrades its airplanes. Ten long distance plances will be renewed.
July 30, 2012
„AUA Must Be in the Black Numbers“
For Austrian Airline´s CEO Jaan Albrecht, the implementation of the austerity program and the transfer of undertaking is mandatory.
July 26, 2012
FACC Builds New Technology Center
The Austrian aviation company enlarges its R&D activities. The new technology center should be completed in 2013.
July 16, 2012
AUA: Strong Growth in Passengers to Eastern Europe.
Austrian Airlines traffic results June 2012: Significant passenger growth in the first half year.
July 10, 2012
FACC Achieves Record Turnover
Operating result remains high despite massive increase in development activities. Positive outlook thanks to increasing demand for aircraft and constant development of market position.
July 6, 2012
Austrian Airlines: Operated by Tyrolean
The transfer of undertakings is completed. About 2,000 AUA staff members shifted to the regional airline Tyrolean.
July 3, 2012
Albrecht: „We Will Remain Austrian“
AUA´s CEO explains that about 80% of the reorganization of Austrian Airlines has been achieved. The airline would be on the right way, Albrecht affirmed.
June 23, 2012
Austrian Airlines Records Passenger Growth of 8.0%
Austrian Airlines carried 4,375,000 passengers carried in the first five months of 2012, which is 323,500 more than last year.
June 12, 2012
Albrecht: „Common Collective Agreement in 2012“
The CEO of Austrian Airlines is optimistic to achieve unified collective agreement for the whole workforce. Costs for the transfer of undertakings are expected to reach up to € 90m.
June 9, 2012
AUA: Leaving Pilots Cost € 55m
Because of the austerity package, 118 pilots left Austrian Airlines. CEO Jaan Albrecht wants to bring them back.
June 5, 2012
341 Staff Members Leave AUA
CEO Albrecht underlines that further austerity packages are not excluded. Now, Austrian Airlines faces new challenges.
June 4, 2012
AUA: Last Chance
The loss-making Austrian Airlines has only little time left to achieve the turnaround. Lufthansa´s patience is wearing thin.
May 26, 2012
AUA: 250 Aircrew Member Leave
Until now, 80 pilots and 170 flight attendants decided to leave Austrian Airlines. The deadline runs until the end of May.
May 25, 2012
Austrian Airlines Streamlines Organization
The former Swiss executive board member Gaudenz Ambühl will head new flight operations.
May 22, 2012
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