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Good Outlook for Austrian Airlines
CEO Jaan Albrecht thinks that the Austrian subsidiary of German Lufthansa will record positive results this year.
July 22, 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
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
„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
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
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 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
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: „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
Works Council Increases Pressure on Management
The transfer of undertakings may induce costs of € 280m. According to rumors, AUA´s management may be partially changed.
May 15, 2012
AUA: Leaving Pilots May Cost up to € 80m
The transfer of undertakings at Austrian Airlines is irrevocable, the management points out. In case of a lack in pilots, Lufthansa and Swiss would close the gap.
May 11, 2012
Lufthansa Considers Selling AUA
There seems to be no end to the turbulences at Austrian Airlines. The owner, the German Lufthansa, considers selling AUA in case of a failed restructuring.
May 9, 2012
Dispute at AUA Goes On
After the management of Austrian Airlines refused to start new negotiations, the works council wants a vote on the transfer of undertakings.
May 9, 2012
AUA: Last Chance for Workforce
Austrian Airline´s works council tries to prevent the already resolved transfer of undertakings to Tyrolean. AUA´s management does not want to re-negotiate again.
May 7, 2012
Albrecht Wants Common Collective Agreement
After the transfer of undertakings, the CEO of Austrian Airlines aims to create a collective agreement for the whole workforce. Further cuts are not excluded.
May 4, 2012
AUA: Transfer of Undertakings Definite
The re-started negotiations between AUA´s management and the aircrew have finally failed. A mass exodus of pilots is feared.
May 1, 2012
AUA: Aircrew Wants to Negotiate
The planned transfer of undertakings will be costly. AUA´s workforce wants to negotiate with the management, strikes are not considered yet.
April 23, 2012
AUA Resolves Transfer of Undertakings
The supervisory board of Austrian Airlines decided to switch to cheaper collective agreements. The transfer of undertakings is “crucial for AUA´s survival”.
April 20, 2012
„AUA is no Protected Area Anymore“
Lufthansa´s CEO Christoph Franz underlined not to accept permanent losses of the Austrian subsidiary AUA. “There is no protected area at Lufthansa anymore.”
April 18, 2012
AUA Expected to Record High Losses Again
This year, Lufthansa-owned Austrian Airlines is anticipated not to reach the profit zone. In the first quarter, fees and fuel caused higher costs of € 28m.
April 12, 2012
Lufthansa Claims Exemption of Air Ticket Tax
In order to restructure the Austrian loss making subsidiary AUA, the German airline pushes the Austrian government to abandon the air ticket tax.
March 17, 2012
Lufthansa Grants Capital Injection to AUA
The German Airline raises the capital of the loss-making subsidiary by € 140m with reservations.
March 15, 2012
AUA Prepares Transfer of Undertakings
Austrian Airlines increases pressure on its aircrew. The deadline to negotiate the new collective agreements was extended again by one month.
March 14, 2012
AUA: Negotiations Failed
Negotiations between Austrian Airline´s management and the aircrew representation ended without any concrete results. Yesterday, the workforce seemed to be willing to reach a compromise.
March 13, 2012
AUA: Compromise May Be Reached
After weeks of negotiations, the works council at Austrian Airlines seems to make concessions to the management. Tomorrow, the deadline expires.
March 12, 2012
Emirates Tries to Lure AUA´s Pilots Away
As uncertainty among Austrian Airline´s workforce is rising, the marketing officer at Emirates, Thierry Antinory, wants to attract AUA´s aircrew.
March 9, 2012
AUA: Confrontation of Management and Workforce Sharpens
The management of Austrian airlines must find an agreement with its pilots until March 13. A solution is not in sight.
March 8, 2012
AUA: Negotiations Go On
Austrian Airlines does not face strikes. Not only AUA´s management is under pressure. Workers fear a new foundation of AUA or a re-sale.
March 5, 2012
AUA´s Insolvency Becomes More Probable
German newspapers report that Lufthansa could establish a new Austrian airline company. AUA could be left then.
March 2, 2012
Board Member Bierwirth Leaves AUA
Andreas Bierwirth, member auf Austrian Airline´s management board, will exit. It is supposed that the austerity package caused controversies within AUA´s management.
March 2, 2012
AUA Delays Extraordinary Supervisory Board Meeting
AUA´s management has not reached a compromise with its staff yet. As a new collective agreement is still missing, the supervisory board meeting has been postponed by March 13.
March 1, 2012
AUA: Time Pressure Grows
Only eight days are left for the management of Austrian Airlines to agree on a new collective agreement with the employees. An acceptable solution for both sides may be barely found.
February 21, 2012
AUA Attempts to Prevent FlyNiki to Approach Tel Aviv
Austrian Airlines files a complaint against FlyNiki at the Austrian
February 18, 2012
AUA: Atmosphere on the Brink
Austrian Airlines is endangered to face persisting disputes. The conflict between the management and the works council sharpened further.
February 17, 2012
Air France to Enlarge Operations in Austria
The loss-making airline is under enormous growth pressure and reorganizes itself. Austria is seen as growth market.
February 16, 2012
AUA to Withdraw from Mumbai
Due to the increasing price pressure, Austrian Airlines has to focus on new markets. New target markets are Eastern Europe and the Middle East region.
February 13, 2012
Lufthansa to Bundle Operations
In order to achieve the austerity targets, Lufthansa centralizes operations. Austrian Airlines is highly affected.
February 10, 2012
AUA to be Re-Sold?
Rumors on Austrian Airlines do not end. A sale by Lufhansa is discussed, even the insolvency is not excluded.
February 9, 2012
Moderate Rise in Passengers at AUA
Austrian Airlines traffic result for January 2012: 7.1 percent increase in Passenger Volume. European traffic rose slightly stronger.
February 9, 2012
Growing Nerviness at AUA´s Workforce
The workforce at Austrian Airlines feels uncertainty. Even a bankruptcy is feared.
February 8, 2012
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