Air Transport World

Austrian Airlines Group.(first-half earnings report)(Brief Article)

Austrian Airlines Group reported a 28.6 million [euro] ($32.5 million) pre-tax loss for the first half of 2003, reversing a pro-tax profit of 4.3 million [euro] last year. CEO Vagn Soerensen said the group was able to mitigate the negative trends through cost-cutting, capacity reduction and aggressive marketing campaigns. He said Austrian anticipates a breakeven or slightly positive operating result for the full year. …

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