All Austrian articles – Page 2
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NewsLufthansa sees positive trend after returning to profit in third quarter
Lufthansa Group posted a positive adjusted operating profit for first since the pandemic and expects to avoid cash drain in the seasonally tough final quarter of the year.
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NewsLufthansa Group cites ‘strong bookings’ as cash flow turns positive
The relaxation of travel restrictions in some markets and a consequent increase in bookings helped Lufthansa Group to stop cash outflows during the second quarter.
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NewsAustrian fears EU climate proposals will ‘distort competition’
European Commission proposals aimed at reducing airlines’ carbon emissions may harm competition in the bloc while doing little for the environment, Austrian Airlines has warned.
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NewsRyanair loses Austrian state-aid case
Ryanair has lost a legal challenge against the provision of financial support to Austrian Airlines on state-aid grounds.
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NewsAustrian converts last ‘preighter’ for passenger service
Austrian Airlines is reconverting the last aircraft it had temporarily turned into a freighter during the Covid-19 pandemic, as long-haul passenger services resume.
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NewsAustrian completes phase-out of Dash 8 fleet
Austrian Airlines carried out its last De Havilland Dash 8-Q400 turboprop flight on 31 May, completing the retirement of the type from its fleet.
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NewsAustrian to reduce fleet and staffing levels
Austrian Airlines intends to make further cutbacks to its active fleet and headcount, and has warned that it will miss the earnings targets it outlined last year.
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NewsAustrian resumes normal service on London and Tel Aviv flights
Austrian Airlines is resuming normal operation for flights to London and Tel Aviv from Vienna after an easing of Covid-19 related restrictions.
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NewsLufthansa Group fleet fell by six aircraft in 2020, but dozens will follow
Lufthansa Group’s fleet was just six aircraft smaller year on year on 31 December 2020, as it made tentative steps towards a much larger reduction.
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NewsTexan aviation investment group MDI acquires three Austrian 767s
Lufthansa Group carrier Austrian Airlines has agreed to sell three of its Boeing 767-300ERs to a US company, Texas-based MonoCoque Diversified Interests. Austrian says the first of the 767s will be transferred at the beginning of March with a second to be handed over in May. The carrier had disclosed ...
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NewsAustrian plans further restructuring amid stalled recovery
Austrian Airlines is planning to implement further restructuring measures in response to lower-than-predicted travel demand amid the current wave of Covid-19 infections. The Lufthansa Group carrier says it is currently operating around 15% of pre-crisis capacity. It had previously forecast that the level would reach 50% during the winter season ...
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NewsAustrian to start 767 phase-out in March
Austrian Airlines is preparing to retire Boeing 767s as part of a wider fleet-reduction effort.
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In depthHow many jobs have Europe’s airlines cut in 2020?
Tens of thousands of jobs have been lost in Europe’s airline sector since the crisis began, as carriers seek to reduce cash burn and ‘right-size’ for the eventual recovery in demand.
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NewsAustrian cuts back winter capacity as Covid-19 cases rise
Austrian Airlines has become the latest European carrier to scale back winter capacity amid rising coronavirus infections and ongoing travel restrictions.
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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” and expresses gratitude for the ...
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NewsLufthansa 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 11 Airbus ...
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NewsLufthansa 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 significant ...
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NewsLufthansa 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
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NewsEuropean 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 cities in mid-June. ...
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NewsAustrian 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 2021, ...