Austrian Airlines Österreichische Luftverkehrs-AG
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Austrian Airlines Group Halfyear-Results 2002
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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RESTRUCTURING SUCCESSFULLY CONTINUED
Results trend and balance sheet for first half-year 2002 (in accordance with
IAS)
After a crucial year for the global aviation industry in 2001, the Austrian
Airlines Group succeeded in generating a positive result (EBIT) of EUR + 29.7m
in the first six months of 2002 (2001: EUR – 31.5m). The profit before tax (EGT)
for the half-year is EUR + 4.3m, following EUR – 70.2m for the comparable
period the previous year. Despite the fact that availability was reduced by 6.9
% (availability on scheduled services – 12.1 %) the Austrian Airlines Group even
managed to raise passenger volume by 0.5 % to a total of 4,086,918 passengers
carried in the first six months of the year. Vagn Soerensen, Chief Executive
Officer of the Austrian Airlines Group, made the following comments on this, his
first half-year report: “By logically implementing our extensive programme of
measures, we have been able to drive forward our strategy of operational
restructuring in the second as well as the first quarter. These initial positive
results have given us renewed impetus in our mutual efforts. Our situation now
demands staying power, consistent value orientation and commercial far-
sightedness.”
end of ad-hoc-announcement (c)DGAP 20.08.2002
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WKN: 062015; ISIN: AT0000620158; Index: ATX
Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, München,
Stuttgart
200809 Aug 02
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