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Austrian Airlines revenue down 25.9% in 2Q2009

5-Aug-2009 12:04 PM

Austrian Airlines revenue down 25.9% - financial highlights:

  • Three months ended 30-Jun-2009:
    • Revenue: EUR495.8 million, -25.9% year-on-year;
    • Operating revenue: EUR514.6 million, -24.6%;
    • Operating costs: EUR599.2 million, -9.2%;
      • Labour: EUR112.1 million, -16.5%;
      • Fuel: EUR88.2 million, -37.3%;
    • EBITDAR: EUR58.1 million, -45.6%;
    • EBIT (loss): (EUR84.6 million), compared to a profit of EUR22.9 million in the previous corresponding period;
    • Net profit (loss): (EUR78.5 million), compared to a profit of EUR11.7 million in the previous corresponding period;
    • Passenger numbers: 2.5 million, -13.3%;
      • Long-haul: 234,366, -22.3%;
      • Short-medium-haul: 2.0 million, -9.6%;
    • Passenger load factor: 72.8%, -2.5 ppts;
      • Long-haul: 76.2%, -5.5 ppts;
      • Short/medium-haul: 69.1%, stable;
    • Unit revenue:
      • Scheduled: EUR 11.5 cents, -14.8%;
        • Long-haul: EUR 6.1 cents, -9.0%;
        • Short/medium-haul: EUR 16.3 cents, -20.5%;
  • Six months ended 30-Jun-2009:
    • Revenue: EUR934.6 million, -21.8%;
    • Operating revenue: EUR969.3 million, -21.0%;
    • Operating costs: EUR1,131 million, -10.0%;
      • Labour: EUR233.4 million, -11.0%;
      • Fuel: EUR179.6 million, -28.0%;
    • EBITDAR: EUR49.9 million, -62.6%;
    • EBIT (loss): (EUR161.6 million), compared to a loss of EUR29.9 million in the previous corresponding period;
    • Net profit (loss): (EUR166.6 million), compared to a loss of EUR48.7 million in the previous corresponding period;
    • Passenger numbers: 4.5 million, -14.3%;
      • Long-haul: 439,843, -23.3%;
      • Short/medium-haul: 3.6 million, -11.6%;
    • Passenger load factor: 70.9%, -3.1 ppts;
      • Long-haul: 76.1%, -4.7 ppts;
      • Short/medium-haul: 65.4%, -1.6 ppt;
    • Unit revenue:
      • Scheduled: EUR 12.0 cents, -8.4%;
        • Long-haul: EUR 6.2 cents, -7.5%;
        • Short/medium-haul: EUR 17.3 cents, -13.5%.

Austrian Airlines: “From today‘s point of view, we expect the difficult business environment to extend beyond the year 2009, changing the airline industry in the long term and leading to a further consolidation in the airline sector. The impact of prompt countermeasures accompanied by sustainable efficiency improvements will comprise the decisive factors determining the future success or failure of every individual airline,” Company statement. Source: Austrian Airlines, 04-Aug-2009.