All Austrian articles
-
NewsGerman fund WSF approves local support for Lufthansa subsidiaries
German federal fund WSF has approved local financial aid for Lufthansa subsidiaries Austrian Airlines , Brussels Airlines and Swiss under the group’s €9 billion ($10.6 billion) support package from the government in Berlin. Austrian chief executive Alexis von Hoensbruch describes the approval as a “last hurdle” ...
-
News
Lufthansa Group takes fleet impairment of €300m in first half
Lufthansa Group took an impairment charge of nearly €570 million over the first half, including €300 million relating to withdrawal of aircraft. The company says the figure is connected to 65 aircraft which will be “permanently grounded”. These aircraft comprise six Airbus A380s and five Boeing 747s, plus ...
-
News
Lufthansa strives to restore long-haul network as it foresees 2024 recovery
Lufthansa Group is aiming to offer 50% of prior-year capacity on its long-haul network and 55% on short-haul in the fourth quarter of this year. But the German-based operator says it expects a “clearly negative” adjusted EBIT figure in the second half of the year, and therefore a “further ...
-
News
Lufthansa secures €600 million state aid package for Austrian
Austria’s government has agreed with Lufthansa Group a financial support package for Austrian Airlines worth €600 million ($667 million) to secure its future operation as a network carrier in Vienna
-
News
European carriers take tentative steps to restoring networks
Several European operators have announced more tentative steps to restoring their networks, including the resumption of services by Lufthansa Group operators Austrian Airlines and Brussels Airlines in June. Austrian Airlines, which suspended flights on 19 March, has today announced it will resume scheduled flights to mostly European ...
-
News
Austrian to halve 767 fleet and remove all A319s
Lufthansa Group carrier Austrian Airlines is to halve its Boeing 767 fleet and withdraw all seven of its Airbus A319s as part of a strategy to adjust to reduced demand in the wake of the coronavirus crisis. Austrian had already been planning to remove 18 Bombardier Q400 turboprops by ...
-
News
Lufthansa retires six A380s early for reduced post-crisis fleet
Lufthansa is prematurely phasing out six Airbus A380s as part of fleet cuts across the airline group in preparation for an operational restart with reduced capacity when the coronavirus crisis recedes.
-
News
Lufthansa Group parks 700 aircraft in crisis response
Lufthansa Group is unable to predict how much its profit will fall this year as it confirmed a 95% capacity reduction to battle the coronavirus outbreak. “At present, no one can foresee the consequences,” notes chief executive Carsten Spohr in a statement accompanying 2019 earnings. “We have to ...
-
News
Bank expects Lufthansa Group to make €1.5bn operating loss in 2020
Credit Suisse is forecasting that Lufthansa will make an operating loss of €1.5 billion ($1.7 billion) this year, and is advocating a move toward leasing aircraft as a means of improving the group’s cash position. The bank had previously predicted an adjusted EBIT of €2.2 billion. ...
-
News
Lufthansa to cut short-haul operations by up to a quarter to counter coronavirus
Lufthansa Group is to cut its short and medium-haul operations by up to 25% in the coming weeks as it moves to counteract the air travel impact of the coronavirus.
-
-
News
Lufthansa ramps up group cost-cutting measures
Lufthansa Group is accelerating restructuring efforts at its cargo division and subsidiaries Austrian Airlines and Brussels Airlines as the company faces pressure on earnings, particularly in Europe, and increased fuel costs.
-
News
Austrian receives A320 to begin Q400 replacement
Austrian Airlines has taken delivery of the first of 10 additional Airbus A320s that will be introduced to replace its Bombardier Q400 turboprop fleet by 2021.
-
News
Star carriers reinforce post-Adria links to Slovenia
Lufthansa Group is to establish further connections to the Slovenian capital Ljubljana in the wake of Star Alliance partner Adria Airways’ collapse.
-
Analysis
ANALYSIS: How racing legend Lauda disrupted the airline industry
Austrian motorsport star Niki Lauda, who has died aged 70, will be remembered with the aviation industry not just for his racing achievements but also for the airlines that bore his name and sought, over several tempestuous decades, to challenge the dominance of his nation's flag carrier and ultimately Lufthansa ...
-
News
Austrian upgrades A320 cabins with new luggage-bin doors
Austrian Airlines is retrofitting its Airbus A320-family fleet with new overhead bin doors to increase passenger luggage space in the cabin.
-
Analysis
ANALYSIS: Alitalia's two years in administrative limbo
Two years on from Alitalia's filing for administration, the fate of the Italian flag carrier still hangs in the balance.
-
Analysis
ANALYSIS: Low-cost carriers vie for dominance at Vienna
At the beginning of 2018, Vienna International airport could count itself among a select group of European hubs that had remained largely unaffected by the low-cost carriers' onward march.
-
News
PICTURE: Lufthansa teases with Swiss and Austrian 787s
Lufthansa Group has indicated that its Swiss International Air Lines and Austrian Airlines divisions could end up operating some of the company’s newly-ordered Boeing 787-9s.
-
News
Austrian plans Vienna fightback
Austrian Airlines has committed to "fighting back" against low-cost rivals at Vienna airport by strengthening its European route network, in particular increasing frequencies to Germany.
