Austrian Airlines Group reported a 2004 operating profit in line with its own lowered forecast as it cut costs and targeted Eastern Europe and Asia for growth to offset high fuel costs and weak fourth-quarter demand. The company said earnings before interest and tax totaled eur10.5 million ($13.9 million), up from eur4.2 million in 2003 after adjustments to account for asset disposals, currency fluctuations and other special items in both years. But annual net profit fell 12.2% to eur40.2 ...
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