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) of €17 million ($18.8 million) for the first three quarters, down 85% from €110 million in the same period a year ago. The LCC fare wars at its Vienna hub have taken a toll on ...

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