Austrian Airlines

euro adhoc: Austrian Airlines AG
Quarterly or Semiannual Financial Statements
Continued Climb based on Expansion Offensive Expansion and Marketing Offensives Produce 15 % Traffic Growth EBIT Improved/Costs Reduced Further/Revenue Trend on Schedule R

--------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------- A courageous strategy of expanding services into Central and Eastern Europe (Focus East) and long-haul routes to Asia, combined with a range of efficient marketing offensives, produced a 15 % increase in passenger volume in the first half-year of 2004 and a rise in the passenger load factor on scheduled services to 71.2 %. Austrian made further cost reductions by cutting its unit costs once again, significantly increasing its result compared to the same period in 2003 and compensating in part for the reduction in yields on European medium-haul traffic. Compared to last year, the adjusted EBIT was improved significantly, rising from EUR -52.5m to EUR -8.5m. The EBIT improved by EUR 4.4m to EUR -18.9m. Profit before tax was EUR -27.5m, after EUR -28.6m in the comparable period in 2003 (adjusted: EUR -18.3m, compared to EUR -60.0m the previous year). Indicators for 1st half-year of 2004/2003 - a comparison ~ Result indicators 1-6 / 2004 1-6 / 2003 +/- % Revenue EURm 1,047.8 941.3 11.3 EBITDAR adjusted EURm 128.8 85.1 51.4 EBITDAR EURm 105.9 183.4 -42.3 EBIT adjusted ² EURm -8.5 -52.5 83.8 EBIT EURm -18.9 -23.3 18.9 Profit before tax adjusted ² EURm -18.3 -60.0 69.5 Profit before tax EURm -27.5 -28.6 3.8 Cash flow from operating EURm 146.1 149.0 -1.9 activities Passengers carried 4,417,130 3,846,193 14.8 Passenger load factor % 71.2 65.9 5.3P. (scheduled services) ~ 1 Adjusted for profits from the disposal of assets and for exchange rate valuations at the reporting date. 2 Adjusted for profits from the disposal of assets, other disposal costs of aircraft, exchange rate valuations at the reporting date and revaluations of aircraft. end of announcement euro adhoc 05.08.2004 --------------------------------------------------------------------- Further inquiry note: Konzernkommunikation: Johannes Davoras Johann Jurceka Tel.: 051766-1231 Investor Relations Karl Knezourek Tel.: 051766 - 3328 Branche: Air Transport ISIN: AT0000620158 WKN: 062015 Index: ATX, ATX Prime, WBI Börsen: Wiener Börse AG / official dealing

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