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Austrian Airlines sees positive results from cost-cutting policy

Wien, Austria

Austrian Airlines Group, declaring it is on target to break even in 2002, said Tuesday a series of cost-cutting moves helped it to more than double earnings before interest, taxes, amortization and depreciation to eur40.6 million in the first quarter. Losses before interest and taxes declined to eur40.1 million ($36.8 million) compared with eur51.9 million for the 2001 first quarter and overall...

AVIONEWS - World Aeronautical Press Agency - 27826

AVIONEWS - World Aeronautical Press Agency
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