Q1 2017 financial results: Austrian Airlines Begins 2017 with Traditionally Negative Winter Quarter
(World News Austria)

o Revenue and passenger growth as result of fleet expansion o Adjusted EBIT down from minus EUR 29 million to the `normal level` of minus EUR 59 million o Outlook: Positive annual results in 2017, but lower than previous year Austrian Airlines, Austria`s flag carrier, reported earnings before interest and taxes (EBIT) of minus EUR 55 million in the seasonally-related weak winter quarter of January to March. Adjusted EBIT amounted to minus EUR 59 million (Q1 2016: minus EUR 29 million). However, a comparison to the previous year is not conclusive due to the positive one-off effect in the first quarter of 2016, relating to the conclusion of a long-term lease agreement with Vienna...