Company Overview of Austrian Airlines AG
Austrian Airlines AG operates an airline in Austria. The company operates a global route network of various destinations primarily in Central and Eastern Europe with approximately 41 destinations. The company was founded in 1957 and is based in Vienna, Austria. Austrian Airlines AG operates as a subsidiary of Deutsche Lufthansa Aktiengesellschaft.
Office Park 2
Vienna - Airport
Founded in 1957
Key Executives for Austrian Airlines AG
Chief Executive Officer and Member of the Management Board
Chief Financial Officer, Head of Investor Relations and Member of Extended Management Board
Chief Commercial Officer and Member of Management Board
Chief Legal Officer, Head of Legal Affairs & Compliance and Secretary General
Executive Vice President of Sales & Passenger Systems
Compensation as of Fiscal Year 2016.
Austrian Airlines AG Key Developments
Austrian Airlines AG Announces Traffic Results for the Month and Year Ended December 2016
Jan 10 17
Austrian Airlines AG announced Traffic results for the month and year ended December 2016. The company carried more than 800,000 passengers in the month of December 2016. This comprises a rise of 13.2% from the previous year. The flight offering, measured in available seat kilometers, was increased by 5.9% to almost 1.8 billion. Revenue passenger kilometers (RPK) climbed by 4.8% to around 1.3 billion. Capacity utilization of the flights was at an average of 71.6%, a slight drop of 0.7% points from December of 2015.
The company carried round 11.4 million passengers, corresponding to a year-on-year increase of 5.1% or 547,000 passengers. This increase is mainly due to the expanded bilateral flight traffic between Austria and Germany. The flight offering, measured in available seat kilometers (ASK), was increased by 4.9% to more than 24.4 billion. The company sold 18.6 billion revenue passenger kilometers (RPK), an increase of 2.3% from the prior-year level. However, the increased flight offering was not sold to the full extent. Capacity utilization of the flights (passenger load factor) was at an average of 76.1%, a decrease of 1.9% points compared to 2015. In 2016, the Austrian carrier operated 136,112 flights, equivalent to around 372 flights per day.
Austrian Airlines AG Announces Traffic Results for the Month of October 2016
Nov 9 16
Austrian Airlines AG announced Traffic results for the month of October 2016. For the month, the company transported more than one million passengers in the month of October 2016. This comprises a rise of 10.1% from the previous year. This increase is mainly due to the expanded bilateral flight traffic between Austria and Germany. The flight offering in available seat kilometers (ASK) was increased by 6.9% to more than 2.2 billion. The company sold close to 1.7 billion revenue passenger kilometers (RPK) in October 2016, an increase of 4.5% from the prior-year level. Capacity utilization of the flights (passenger load factor) was at an average of 76.6%, a decrease of 1.8 percentage points compared to October 2015. The number of flights in October 2016 rose by 11.6 to a total of 12,472 flights.
Austrian Airlines Reports Earnings Results for the First Nine Months of 2016
Nov 3 16
Austrian Airlines generated earnings before interest and taxes (EBIT) of EUR 84 million in the first nine months of the current 2016 financial year. This comprises a year-on-year increase of 38% from EUR 61 million in 2015. Adjusted EBIT, the indicator relevant for the company’s earnings forecast which also includes book gains from aircraft sales amongst other factors, rose 30% or EUR 18 million to EUR 79 million in the first three quarters of 2016 compared to EUR 61 million a year ago. In particular, the improvements in the airline’s performance can be attributed to lower jet fuel costs as well as a positive one-off effect related to the conclusion of a long-term lease agreement with Vienna International Airport. Total operating revenues in the same period increased by 3% or EUR 43 million to EUR 1,748 million from EUR 1,705 million a year ago. The main reason for this development was the expansion of bilateral flight traffic to Germany. Revenue in the first three quarters of 2016 amounted to EUR 1,637 million, up 3% from the comparable figure as of September 30, 2015.
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