Austrian Airlines Group returned to the red in the second quarter, reporting a €78.5 million ($112.3 million) loss compared to an €11.7 million profit in the year-ago period, but expects to benefit from approximately €80 million in annual synergies as a Lufthansa subsidiary, AAG Executive Board members Andreas Bierwirth and Peter Malanik told ATWOnline yesterday in Vienna. The pair confirmed that AAG expects the acquisition to be concluded successfully this month, or in ...

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