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