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Austrian Airlines: 3rdQ 2005 income decreased compared to same period in 2004

Vienna, Austria - CEO Vagn Sorensen to retire due to personal reasons in September next year

Income reported during the 3rdQ 2005 by Austrian Airlines consisted of EUR 7.8m. In the same period last year, Austrian reported some 47.7m income, with a decrease so of a 84%. Among the main reasons one should most of all consider the rising oil cost which, despite hedging measures implemented to protect against price floating, did not succeed in counterbalancing the excessive rise. CEO Vagn Sorensen...

AVIONEWS - World Aeronautical Press Agency - 129654

AVIONEWS - World Aeronautical Press Agency
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