BAA down in the third quarter – More difficult outlook for 2019

Cape Town / Vienna / Schwechat (APA) – The high cost of kerosene and high costs due to irregular air traffic have also left a marked mark on Austrian Airlines in the third quarter and have reduced the operating result (EBIT) of 6.2% to 92 million euros. The year 2019 will be "very difficult" for the new president of the AUA, Alexis von Hoensbroech, who took over the leadership of Lufthansa's Austrian subsidiary on 1 August.

"On the one hand, the rise of kerosene prices on the cost, on the other hand, the competitive situation in Vienna will be significantly compounded by the announced growth of several low-cost carriers," said the head of AAU Cape Town quarterly figures. Nevertheless, profit forecasts remain unchanged this year: the adjusted EBIT should be clearly positive this year, but lower than in the previous year.

In the third quarter, adjusted earnings before interest and taxes (Adjusted EBIT) decreased by 7.7% to EUR 89 million. In total, the result after the first nine months was 86 million euros, a decrease of 13.3%. The turnover decreased by 8% to 1.665 billion euros during this period following the adoption of new accounting standards (IFRS 15). Without this effect, there would have been an increase of 4.6%, according to the airline.

The number of pbadengers increased positively, rising by 8.2% to reach 10.6 million pbadengers from January to September. At the end of the year, the 13 million mark must be exceeded. The UAA also recruited more staff in the first three quarters and the staff increased by 5% to 7,104.

The summer characterized by delays and cancellations of flights throughout Europe also had a bearing on the performance at the AUA: the regularity of flights fell slightly to 97.8%, the punctuality at departure being 77.8% (previous year: 83.3%). "The deterioration from the previous year is largely due to poor weather conditions and the allocation of slots, as well as cancellations of flights caused by business meetings. first quarter, "said the AUA.

~ WEB http://www.austrian.com ~ APA034 2018-10-30 / 07: 15