Austrian Airlines Group is under increasing pressure to stabilize its negative financial situation. "Austrian has a chance to survive. The only problem I see is that we are running out of time," new CEO Alfred Oetsch told ATWOnline. The group narrowed its first-quarter adjusted net loss before taxes to €67.7 million ($83.7 million) from €76.8 million in the year-ago period after losing €129.1 million for all of 2005. Austria's der Standard reported that Oetsch is proposing ...

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