The latest transport industry and company news and analysis from FriedlNews
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Austrian Transport Industry Headlines

EC Raises Concerns About New Austrian Railway Law

The new railway law planned for Austria has raised the concern of the EC. The Transport Ministry in Vienna confirmed towards APA a report printed by daily Standard (Wednesday issue), according to which the EU Directorate-General for Mobility and Transport had voiced its concerns about the draft bill in a letter, at the beginning of June.

July 30, 2015

AUA Posted Pre-Tax Loss in Spite of Q2 Gains

Even though Austrian Airlines (AUA) managed to end the second quarter on a positive note, i.e. a pretax profit of EUR 36 million (USD 39.8 million), the first half of 2015 was ended with a pretax loss of EUR 17 million. The Q2 profit was generated in spite of the crisis in eastern Europe and the Middle East.

July 30, 2015

Austrian Railways Unit Rail Cargo Austria Sets Up JV in Belgium

State railway group OBB unit Rail Cargo Austria set up a logistics joint venture in Belgian port of Antwerp. The local partner is Rail & Sea NV.

July 28, 2015

Lufthansa Wants Eurowings to Take On Low-Fare Flights from Vienna

Lufthansa is trying to push out competitors in the cheap flight boom. The airline’s subsidiary Eurowings is to set its sight on new destinations to that end, online Austrian Aviation Net reports. It will offer, among others flights to and from Vienna-Schwechat as of summer 2016, to destinations including Rome, London Standsted, Palma and Valencia as well as Barcelona.

July 27, 2015

Austrian Airline Offers New Discount Tariffs

Following the lead of its holding company Lufthansa, Austrian Airlines (AUA) decided to re-organize its ticket price system. As of Tuesday the airline will offer tickets to European destinations at reduced fares for passengers flying only with hand luggage. Lufthansa subsidiary Swiss launched the new tariff in June, and fellow Belgian Brussels Airlines introduced the new fare last year. New tariff classes are the Business Class, and three degrees of Economy Class: Light, Classic and Flex.

July 27, 2015

Austria Airlines Cancelled 27 Flights Over Weekend

Staff shortage of Austria Airlines (AUA) continues to affect business of the airline. At the weekend the company had to cancel 27 flights, since many pilots requested sick leave, reported on Monday. The problem is to be remedied soon though, AUA assures.

July 27, 2015

Fate of Bosnian Airline Depends on Heta

In Bosnia and Herzegovina the fate of the state-owned airline company depends directly on the Austrian Hypo bad bank Heta. The state-owned airline is facing bankruptcy and has to count on the goodwill of its creditors. According to "WirtschaftsBlatt" the Bosnian airline has recommended a debt haircut to the Hypo wind-down company Heta. If Heta approves an 80-percent debt cut, the Bosnian national airline could survive.

July 21, 2015

Rail Transport: Slight Increase in Volume

Last year Austrian railway companies carried 278 million passengers, by 4 million more than in 2013. The passenger-kilometers recorded in 2014 climbed to 12.1 billion, from 11.9 billion in 2013. The transport output rose by 6 percent to 22.5 net ton kilometers. 113 million tonnes of goods were carried on rails last year.

July 20, 2015

Austrian Airlines Loses Battle for Dubai

After nearly 20 years of flying to Dubai from Vienna, Austrian Airlines (AUA) has cancelled flights to that destination, citing losses made on that route. In the past years the number of flights on that route had grown to exceed the demand, AUA explained. The airline’s last flight to Dubai will take place on 13 September, the last flight back will take place on the next day.

July 20, 2015

EC Imposes Anti-Trust Fine of EUR 17 Million on ÖBB

The European Commission imposed fines to the tune of EUR 49 million (USD 54 million) on two railway operators: Austria’s ÖBB and Germany’s Deutsche Bahn for participating in a cartel concerning block train loading. Express Interfracht, a subsidiary of ÖBB, will have to pay EUR 17.36 million, while DB Schenker will have to pay EUR 31.8 million.

July 15, 2015