In spite of the crises in the East, Austrian Airlines generated clearly positive earnings of EUR 36 million in the second quarter of 2015. Due to the traditionally weak and loss-making first quarter, earnings before interest and taxes (EBIT) in the first half of 2015 totaled minus EUR 17 million (H1 2014: minus EUR 41 million). The reasons for the considerable improvement are higher proceeds and lower costs as a consequence of the restructuring. Lower fuel prices also had a positive impact. However, this effect was neutralized by an increase in technical expenses and added costs resulting from a stronger US dollar.Continue Reading...
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