Rising Fuel Costs Blamed For Austrian's 60 Percent Profit Decline
Austrian Airlines is among the worst hit by 1999's fuel cost rise, the Kosovo war and delays in Europe. The airline's operating profit fell from 77.9 million euros to 21.1 million euros. Available seat miles, including Tyrolean Airways, increased 12.8%, and passengers 3.7%. But the load factor was 1...
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