Financial results for the third quarter of 2019: Austrian Airlines Reports Significant Decline in Earnings
(World News Austria)

o Adjusted earnings down from EUR 110 to EUR 17 million despite passenger growth o 2019 remains challenging: `Glut of low-cost airlines` and expensive jet fuel burden earnings o `Profit warning`: Austrian Airlines cannot rule out the possibility of a loss for the entire 2019 financial year Austrian Airlines achieved the break-even point after the summer. Austria`s national carrier reported adjusted earnings before interest and taxes (adjusted EBIT) of EUR 17 million for the first three quarters of 2019. However, this comprises a drastic decrease in earnings of 85 percent or EUR 93 million compared to the prior-year period (Q1-3 2018: EUR 110 million). Investments in the fleet and service had...