3-May-2013 1:15 PM

Austrian Airlines aiming to achieve positive operating result in FY2013

Lufthansa Group stated (02-Apr-2013) Austrian Airlines is successfully tackling the challenging market by pursuing the restructuring activities that began last year. The company noted that following the successful transfer of operations to the Tyrolean Airways subsidiary last year, further changes in operational and administrative functions are to be implemented successively in 2013. The company said the migration of all Tyrolean Airways administrative functions from Innsbruck to Vienna over the course of the year will eliminate duplicate structures and make operating processes more efficient. Meanwhile, the harmonisation of the European fleet was concluded successfully at the end of Mar-2013 and all seven new A320s in the Austrian fleet are now in service and the retirement of all the Boeing 737 aircraft is complete. On the outlook for the full year, Lufthansa Group said: "Austrian Airlines is expecting demand to remain volatile and fuel costs to stay high. Revenue growth and cost savings initiated with the help of the restructuring programme will continue to have a positive effect on the result for the current year. The aim for the full year 2013 remains to consolidate the initial success of the turnaround and thereby to achieve a positive operating result. The restructuring activities are to be continued unchanged". [more - original PR]

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More