Austrian Airlines CCO Karsten Benz and CEO Jaan Albrecht. By Kurt Hofmann Lufthansa subsidiary Austrian Airlines (OS) is making progress with its cost reduction program that is targeting cost reductions of €223 million ($271 million) this year, but warns there are still challenges ahead (ATW Daily News, Jan. 11). But OS CCO Karsten Benz told ATW the carrier “sees challenges inside the European business, like increasing costs, which have to be solved in the next six months ...

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