A first quarter that was "difficult in the extreme" ended for Austrian Airlines Group with an €88.1 million ($117.3 million) loss, widened 45.9% from the €60.4 million deficit reported in the year-ago period. The company has said it has enough cash to maintain operations until its anticipated merger with Lufthansa (ATWOnline, April 8), which executive board member Peter Malanik said is "going ahead as planned" and should close by the middle of this ...

Subscribe to Access this Entire Article

"Austrian continues to bleed as it waits for Lufthansa rescue" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.