The new CEO of Lufthansa subsidiary Austrian Airlines said the carrier needs more financial strength if it is to make needed investments in fleet renewal. “We need to be able to invest. As of today, Austrian Airlines has not reached that capability yet,” Austrian Airlines CEO Alexis von Hoensbroech said. Austrian reported an adjusted EBIT of €86 million ($99.8 million) for the first nine months of 2018, a 14% decline year-over-year. “3Q is the strongest quarter in ...

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