Austrian Airlines narrowed its adjusted pre-tax first-quarter loss to €36.5 million from €67.7 million in the year-ago period, an improvement the carrier said resulted from the benefits associated with last year's capital increase (ATWOnline, Nov. 29, 2006), rising traffic and its effort to revamp its long-haul operation (ATWOnline, Dec. 12, 2006). Revenue climbed 2.7% to €561.5 million and expenses declined 2.3% to €601.6 million as loss-making long-haul routes were ...

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