Austria: AUA gives profit warning

Article Abstract:

Austrian Airlines rejected rumours about a loss of more than Sch 2bn in 2001, but said that it expects "major losses". Before the changes of market conditions as a result of the US terrorist attacks, AUA had expected to reach break even. Beside the loss of revenue , the airline is faced with increased costs of security and insurance. Moreover, it will be difficult to find buyers for the aircraft becoming redundant. AUA is to reduce fleet capacity by 10%. Two long-distance jumbos and two medium-distance planes will become redundant. The Boeing 777 ordered by Lauda Air will not be needed. AUA is in talks about staff cuts and is to stop serving a number of connections from 28 October 2001. Ticket prices will be increased by 5% on average. The hikes will not, however, affect flights to Germany and Scandinavia.

Scheduled Airlines

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AUSTRIA/JAPAN: AUA TO INCREASE FLIGHTS

Article Abstract:

Austrian Airlines (AUA) is planning to operate 4 weekly flights to Tokyo from the 2002 summer season. Currently it operates two weekly flights on the route, but is to add another one from the 2001 summer season. Flights to Osaka are to be increased from 4 to 6 at the end of March 2001. In the longer term AUA might serve the Osaka route on a daily basis. AUA reports a load factor of more than 70% on average on its flights to Japan, which are operated with Airbus A-340 planes.

Japan

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Austria: Airline reacting to decreased demand

Article Abstract:

At the end of September 2001 AUA is stopping 3 of its 7 weekly flights to Chicago and 2 of its 5 weekly flights to Toronto. Originally AUA had planned to cut back the services to North America from 28 October 2001. Flights to New York will continue on a daily basis.

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