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April 25, 2015 2:49 PM ET


Company Overview of Austrian Airlines AG

Company Overview

Austrian Airlines AG operates as 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


Founded in 1957


43 5 1766 1000


43 51766 5 1002

Key Executives for Austrian Airlines AG

Chairman, Chief Executive Officer and Member of Executive Board
Age: 59
Chief Financial Officer and Head of Investor Relations
Chief Operating Officer
Age: 51
Executive Vice President of Corporate Subsidiaries & Corporate Projects
Executive Vice President of Austrian Production Company
Age: 53
Compensation as of Fiscal Year 2014.

Austrian Airlines AG Key Developments

Austrian Airlines Announces Executive Changes

Klaus Froese will serve as the Chief Operating Officer (COO) in the Extended Executive Board of Austrian Airlines and assume responsibility for the operation. This Extended Executive Board will now consist of Jaan Albrecht (CEO until May 31, 2015), Andreas Otto (CCO), Heinz Lachinger (CFO) and Klaus Froese (COO). Jaan Albrecht, who has been the CEO of Austrian Airlines since November 2011, has accepted a position at SunExpress, a joint venture of Lufthansa and Turkish Airlines, and will serve as its CEO starting June 1, 2015.

Austrian Airlines Plans to Fly to One More Distant Location, Apart from Miami and Mauritius

Austrian Airlines planned to fly to one more distant location, apart from Miami and Mauritius. The Austrian identity of the airline shall be highlighted, together with new service selection possibilities.

Austrian Airlines Announces Earnings and Operating Results for the Year 2014; Provides Earnings and Operating Guidance for 2015

Austrian Airlines announced earnings results for the year 2014. For the year 2014, the company made a EUR 10 million operating profit. This comprises a drop of EUR 15 million from the previous year. This decrease can be attributed to nonrecurring effects related to the special severance payments required within the context of the new collective wage agreement for the flight staff. In 2014, company generated EUR 2.16 billion in operating revenues, 1.5% less than in 2013. This is related to the decline in average yields and the targeted reduction in the flight offering as a consequence of various geopolitical crises in the Ukraine, Russia and the Middle East. In 2013, the company recorded a EUR 25 million profit. For 2015, the company expects further perceptible increase in the operating results. The company also expects more passengers in 2015. In 2014, the company operated a total of 126,953 flights using 75 aircraft, or about 350 flights per day. The regularity of operation was 98.8%, whereas the punctuality rate on departure equaled 89.9%. With respect to its operational business, the company carried close to 11.2 million passengers, a drop of 1.0% from 2013. Capacity expressed in available seat kilometers was increased by 3.6%. Capacity utilization (passenger load factor) improved to 78.9%, a rise of 0.3 percentage points from the previous year.

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