Austrian Airlines - Guidance for 2008 annual result not sustainable

Based on the already observed as well as expected declines in bookings Austrian Airlines has calculated new forecasts. The new revenue forecast through the end of the fiscal year produced on this basis indicates that the previous guidance can no longer be upheld. The expected sales-related revenue losses are higher than the relief in the area of fuel costs, meaning a net loss of EUR 100 to 125 million before special effects can be expected for the 2008 fiscal year.


(c) Centre for Asia Pacific Aviation. Date posted: 17-Oct-08
 

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