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September 04, 2015 7:44 AM ET

Airlines

Company Overview of Austrian Airlines AG

Company Overview

Austrian Airlines AG operates an airline in Austria. The company operates a global route network of various destinations primarily in Central and Eastern Europe. It also provides training for aircraft technicians. The company was founded in 1957 and is headquartered in Vienna, Austria. Austrian Airlines AG operates as a subsidiary of Deutsche Lufthansa Aktiengesellschaft.

Office Park 2

Vienna Airport

P.O. Box 100

Vienna,  1300

Austria

Founded in 1957

Phone:

43 5 1766 1000

Fax:

43 51766 5 1002

Key Executives for Austrian Airlines AG

Chief Executive Officer
Age: 57
Chief Financial Officer, Head of Investor Relations and Member of Management Board
Chief Operating Officer and Member of Management Board
Age: 52
Chief Commercial Officer and Member of Management Board
Age: 53
Executive Vice President of Corporate Subsidiaries & Corporate Projects
Compensation as of Fiscal Year 2015.

Austrian Airlines AG Key Developments

Austrian Airliens Announces Earnings Results for the Second Quarter and Six Months of 2015

Austrian Airliens announced earnings results for the second quarter and six months of 2015. For the quarter, the company's pre-tax profit was EUR 36 million (USD 39.8 million). The reason for improved second quarter figures is the company's reduced costs following the company's restructure and lower fuel prices. However, higher maintenance and other costs due to a stronger USD counterweighed the positive factors. For the six months, the company's pre-tax loss was EUR 17 million.

Austrian Airlines to Launch Flight Service to Manchester

Austrian Airlines announced that it will add a new destination to its route network in 2015. Starting September 10, 2015, the airline will operate a new service to Manchester. In addition to the existing 28 weekly flights to London, the additional frequencies to Manchester by up to seven times per week will strengthen connections in both directions as well as within the Austrian Airlines network. With Manchester and London, Austria's national carrier offers direct flight service to British destinations up to five times daily.

Kay Kratky to Replace Jaan Albrecht as New CEO of Austrian Airlines, Effective August 1, 2015

Klaus Froese, former Managing Director of Tyrolean Airways, moved to the Extended Management Board of Austrian Airlines to serve as Chief Operating Officer effective April 1, 2015. Since then, the Extended Management Board has consisted of Jaan Albrecht (CEO), Andreas Otto (CCO), Heinz Lachinger (CFO) and Klaus Froese (COO). Kay Kratky will replace Jaan Albrecht as the new CEO as of August 1, 2015.

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