Austrian Far From Turnaround, Posts Third-Quarter Loss
The Austrian Airlines Group posted a EUR19 million (US$21.7 million) pre-tax loss in the third quarter, underscoring how far the company still has to go in achieving a turnaround. Revenues dropped 10.1% to EUR1.5 billion (US$1.7 billion) in the period, but costs were down only 8.1%. Austrian's...
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