Austrian Airlines Reduces Winter Flying; Cash Burn At €40M Per Month

Austrian
Credit: Austrian Airlines / Hannes Winter
SALZBURG—Austrian Airlines has cut its capacity for the coming winter schedule to just 30% of 2019 levels as COVID-19 cases in Europe rise while the Lufthansa subsidiary’s liquidity contracts. The Austrian flag-carrier had planned to operate 50% of last winter’s capacity but has now opted to halt...
Kurt Hofmann

Kurt Hofmann has been writing on the airline industry for 25 years. He appears frequently on Austrian, Swiss and German television and broadcasting…

Subscription Required

 

Austrian Airlines Reduces Winter Flying; Cash Burn At €40M Per Month is published in Aviation Daily, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.

Already a member of AWIN or subscribe to Aviation Daily through your company? Login with your existing email and password

Not a member?  Learn how to access the market intelligence and data you need to stay abreast of what's happening in the air transport community.