Austrian Airlines Returns to Profits

TransportAirlines & Airports ♦ Published: October 31, 2012; 11:47 ♦ (Vindobona)

AUA´s restructuring programme begins to take hold. The result for 3rd Quarter nearly doubled to € 61m.

Austrian Airlines Returns to Profits / Picture: © Austrian Airlines / Flickr Attribution-NonCommercial-ShareAlike 2.0 Generic (CC BY-NC-SA 2.0)

The restructuring programme of the Austrian Airlines Group is beginning to take hold. The carrier almost doubled its adjusted result from operating activities for the third quarter of 2012, to 61.1m (2011 figure: 31.6m). The reasons for this were the company’s strong result over the summer months, when its aircraft were full, and the extent to which it has successfully slowed down…