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Austrian Transport Industry Headlines

Austrian Airlines to Create 400 New Jobs within 3-5 Years

Austrian Airlines (AUA), a unit of Germany's Lufthansa, is returning to the growth path and plans to take on 400 new staff in the next 3-5 years as well as raise revenues by EUR 210 million (USD 235.0 million) from the current EUR 2.16 billion, the still-CEO Jaan Albrecht and his successor Kay Kratky said.

May 19, 2015

Extension of Metro Lines U2 and U5 Approved

The City of Vienna and the federal government have reached an agreement on the 4th stage of expansion of the underground network in Vienna. Thus, the change of the layout of U2 line to Matzleinsdorfer Platz and the new U5 to Altes AKH has been contractually approved transport minister Alois Stöger (SPÖ) and public transport city councilor Renate Brauner (SPÖ) announced.

May 15, 2015

Air Berlin Regrets ECJ Decision Concerning Niki's Complaint Against AUA Takeover

As reported, the airline Niki has not been successful with its complaint filed at the European Court of Justice against the takeover of AUA by Lufthansa dating back to 2009. The German holding company of Niki, Air Berlin, regrets the court decision, stating it is equally hard on customers. The prices on flights between Vienna and Frankfurt have soared after Niki ended flight connections between the two cities at the end of 2014.

May 15, 2015

Niki Airlines Complaint over AUA Takeover Rejected by European Court of Justice

The European Court of Justice (ECJ) rejected on Wednesday the complaint of Niki airline, the Austrian unit of Air Berlin, regarding the takeover of Austria's carrier Austrian Airlines (AUA) by German giant Lufthansa, as well as another complaint filed by Niki against the state aid granted for AUA restructuring by Austria.

May 13, 2015

Westbahn Private Rail Carrier Set to Buy 10 Trains for EUR 180 Mln

Rail carrier Westbahn, majority-owned by private investors, will buy ten new trains for EUR 180 million (USD 201.1 million), supervisory board deputy chair Hans Peter Haselsteiner told journalists on Monday.

May 11, 2015

Siemens Job Cuts Not to Affect Austrian Operations

Austrian facilities of German industrial giant Siemens will not be affected by the planned extensive layoffs, Siemens Austria spokesman Walter Sattlberger told APA.

May 7, 2015

Post AG Q1 Pre-Tax Profit Stable at EUR 57.4 Mln, EBIT Falls

Listed incumbent postal operator Post AG kept Q1 pretax profit stable in y/y terms at EUR 57.4 million (USD 64.45 million) on revenues also flat at EUR 601.9 million, the company said in a report out Thursday.

May 7, 2015

Austrian Airlines Loss in Winter Reached EUR 53 Million

Austrian Airlines (AUA) posted in the traditionally worse winter months a significant loss. In Q1 2015 the operating loss (EBIT) totalled EUR 53 million, which was almost as big as a year earlier (EUR 54 million /USD 60 million).

May 6, 2015

Kay Kratky to Become New CEO of Austrian Airlines

Kay Kratky (57), currently responsible in the parent group of AUA, Lufthansa, for flight operations and management of the Frankfurt hub, will be appointed to the top position in AUA.

May 5, 2015

Transport Sector Slowly Speeding Up

Austrian transport industry is slowly speeding up. In the year 2015 there have been no noteworthy stimuli, at the same time the pressure of competition both in domestic transport is growing and in cross-border goods transport there are high market share losses economists from Bank Austria declared on Tuesday.

May 5, 2015