July 23, 2017 2:14 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 with approximately 41 destinations. It also operates direct flights to Los Angeles, Chicago, Newark, and Miami. 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

Postfach 100

Vienna - Airport

Vienna,  1300

Austria

Founded in 1957

Phone:

43 5 1766 1000

Key Executives for Austrian Airlines AG

Chief Executive Officer and Member of the Management Board
Age: 59
Chief Financial Officer, Head of Investor Relations and Member of Extended Management Board
Age: 50
Chief Commercial Officer and Member of Management Board
Age: 55
Chief Legal Officer, Head of Legal Affairs & Compliance and Secretary General
Age: 35
Executive Vice President of Sales & Passenger Systems
Compensation as of Fiscal Year 2017.

Austrian Airlines AG Key Developments

Austrian Airlines Reports Earnings and Operating Results for the First Quarter Ended March 31, 2017

Austrian Airlines reported earnings and operating results for the first quarter ended March 31, 2017. For the quarter, the company reported revenue of €440 million against €400 million a year ago. LBIT was €55 million against €28 million a year ago. Adjusted LBIT was €59 million against €29 million a year ago. Total operating Revenue was €472 million against €465 million a year ago. For the quarter, the company reported passengers of 2,189,000 against 2,053,000 a year ago. Available seat kilometers were 5,087 million against 4,926 million a year ago. Passenger load factor was 68.5% against 71.2% a year ago.

Austrian Airlines AG Launches Direct Flight Service from Vienna to Los Angeles

Austrian Airlines AG has launched direct flights with a Boeing 777 from Vienna to Los Angeles. Austrian Airlines operates flights to a new long-haul destination in the USA. The larger long-haul aircraft in the Austrian Airlines fleet, a Boeing 777, will be deployed up to six times per week on flights to Los Angeles, the biggest city in California.

Austrian Airlines Announces Management Changes, Effective September 2017

Austrian Airlines announced that as of September 2017, Andreas Zerlauth will manage the controlling activities of Austrian Airlines in his new position as 'Head of Controlling'. He will succeed Stefan Hafenscher, who will assume new professional challenges outside of the airline industry. Andreas Zerlauth is currently Head of IT at the Eurowings Group in Cologne.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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