Annual results 2016: Austrian Airlines Improves Operating Results
(World News Austria)

o Adjusted EBIT increase from EUR 52 million to EUR 58 million, EBIT up to EUR 65 million from EUR 54 million in the previous year o Positive one-off effect related to conclusion of a new lease agreement for the Technical Base o CEO Kay Kratky expects a difficult year 2017 Austrian Airlines, Austria`s flag carrier, generated earnings before interest and taxes (EBIT) of EUR 65 million in the 2016 financial year, comprising a rise of 20 percent from the prior-year level. Adjusted EBIT, which, for example, deducts book gains from aircraft sales, climbed 11 percent to EUR 58 million. The improvements are mainly attributable to lower fuel costs and a positive one-off effect from the conclusion of...