Annual results 2018: Passenger Record, But Earnings Increasingly Under Pressure
(World News Austria)

o Expensive fuel: Adjusted EBIT down from EUR 93 million to EUR 83 million in 2018 o High demand: strong passenger growth o Tough competition: CEO von Hoensbroech sees a challenging year 2019 Austrian Airlines, Austria`s flag carrier, generated an adjusted EBIT of EUR 83 million in the 2018 financial year, comprising a decline of eleven percent from the prior-year level. However, Austrian Airlines once again succeeded in setting a new passenger record. The airline transported 13.9 million passengers, up eight percent year-on-year. Revenue climbed to EUR 2.2 billion. `We are pleased with the new all-time high in passenger volume. Despite competition from low-cost carriers, an increasing...