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
Vienna - Airport
Founded in 1957
Austrian Airlines AG Announces Financial Results for the Third Quarter and Nine Months and Operating Results for the Nine Months Ended September 30, 2017; Provides Earnings Guidance Results for the 2017
Oct 25 17
Austrian Airlines AG announced financial results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenue for Austrian Airlines: revenue increased by 9% compared to the 2016 summer quarter. Expenditure rose by 8%, and revenue by 10%. The EBIT increased from EUR 82 million to EUR 98 million. The adjusted EBIT went from EUR 80 million in the third quarter of 2016 to EUR 96 million in 2017.
For the nine months, the company reported increase its adjusted earnings before interest and taxes (adjusted EBIT) by 27% to EUR 100 million, compared to the same period of the previous year. This improvement in earnings was a result of the company's business within Austria, strong business on routes between Germany and Austria, and in the long-haul segment, the continuing positive trend in North Atlantic flights. As at the end of September 2017, the airline transported 14% more people, with just below ten million passengers carried. In the same period, total operating revenue was raised by 9%, or EUR 156 million, to EUR 1,904 million (2016: EUR 1,748 million). Essential revenue drivers were increased demand in Austria, the expansion of business on routes between Germany and Austria, and a continuing positive trend in flights across the North Atlantic. As a result, the company posted a three-figure EBIT for the first time, of EUR 106 million. The EBIT for the same period last year was EUR 84 million, representing an increase of 26%. The adjusted EBIT, the indicator relevant for the forecast, which deducts valuation gains from aircraft sales amongst other things, was EUR 100 million after three quarters, up by EUR 21 million, or 27%, on the comparison period in 2016. Revenue at the end of Third Quarter 2017 was EUR 1,814 million, 11% higher than on September 30, 2016.
For the nine months, the company carried some 9.8 million passengers in the period from January to September 2017. This represents a rise of 14%. The main reason for the strong increase is the expansion in flights between Germany and Austria, and the use of five additional aircraft "operated by airberlin". Capacity, expressed in Available Seat Kilometres (ASK), rose by 8%. Despite the increased supply, capacity utilisation also improved, rising by 0.4% points to reach 77.4%. The figure for punctuality on departure was 4.0% down on last year, unfortunately, at 83.2%, considerably below the level of punctuality usual for Austrian Airlines. The main reason for this were the freak weather conditions at the Vienna hub. With the stabilisation in flight operations, regularity of operations rose slightly once again, going up by 0.3% points to 98.8% (2016: 98.5%).
For the fiscal year 2017, result expected to be higher than previous year. The Adjusted EBIT for the 2016 financial year overall was EUR 58 million.
Austrian Airlines Ag Announces Financial and Operating Results for the First Half-Year 2017; Provides Earnings Guidance Results for the 2017
Aug 2 17
Austrian Airlines AG announces Financial results for the first half-year 2017. For the first half the company’s, total operating revenues increased by 8% or EUR 89 million to EUR 1,149 million against EUR 1,060 million a year ago. EBIT amounted to EUR 8.0 million as at June 30, 2017 against EUR 2 million a year ago. Adjusted EBIT totaled EUR 3 million. adjusted EBIT of EUR 63 million, comprising a year-on-year rise of EUR 34 million compared to the second quarter 2016 EBIT of EUR 29 million.
For the 2017, the company expects an improvement in the adjusted EBIT for the entire year 2017 compared to the previous year's results due to the good second-quarter development and the booking situation for the summer season. Earlier Austrian Airlines still anticipated an overall drop in earnings following its performance in the first quarter of 2017.
For the first half, carried close to 5.8 million passengers in the period January to June 2017. This represents a significant increase of 13.5% or about 690,000 passengers from the first half of 2016. This rise is primarily attributable to the airberlin aircraft deployed within a wet lease agreement and the related increase in Austrian Airlines' European flight offering as well as the expanded bilateral flight traffic between Austria and Germany. The flight offering measured in available seat kilometres (ASK) was up 7.6% to close to 12.3 billion kilometres. All in all, Austrian Airlines sold more than 9.0 billion revenue passenger kilometres (RPK), a rise of 8.2% from the prior-year level. Capacity utilization (passenger load factor) improved slightly by 0.4% points to 73.6%.
Austrian Airlines Reports Earnings and Operating Results for the First Quarter Ended March 31, 2017
Apr 27 17
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.