Austrian Airlines Group executive board members Andreas Bierwirth and Peter Malanik said Friday in Vienna that the company does "not have enough reserves to get through the crisis" that helped push it to a €429.5 million ($550.3 million) loss in 2008, a reversal from the €3.3 million profit in 2007 and the worst result in its history. AAG, which is awaiting approval of its acquisition by Lufthansa (ATWOnline, Feb. 23), must create a cost base for interim survival before putting ...

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