Austrian Airlines Realigns, Cites ‘Brutal’ LCC Competition
Credit: Rob Finlayson
VIENNA—Facing intense competition from LCCs in Vienna and rising fuel prices, Austrian Airlines saw a steep drop in earnings for the first nine months of 2019 and warned of a possible loss for the financial year. The Lufthansa Group subsidiary reported adjusted earnings before interest and tax (EBIT...
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.
Related Content
