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Austrian Airlines may extend cost-cutting program
December 07, 2011
Austrian Airlines (OS) may have to extend its cost-cutting program as the economic outlook weakens demand (ATW Daily News, Sept. 28). OS will save up to €100 million ($134 million) this year but this may not be enough. Lufthansa (LH) CEO Christoph Franz told OS employees last week in Vienna that LH...
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