Austrian Airlines

euro adhoc: Austrian Airlines AG
quarterly or semiannual financial statement / Qualitative growth and high service quality key factors in successful improvement of result

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25.07.2006

Financial result of the Austrian Airlines Group, January to June 2006

Commenting on the Austrian Airlines Group’s results for the first half-year of 2006, Alfred Ötsch, Chief Executive Officer of the Board of Management of the Austrian Airlines Group, made the following statement: ‘The continued expansion of our market leadership in Eastern Europe in the first half-year has enabled us to achieve respectable, usually double-digit, levels of traffic growth, build market share gains and generate over 70% of the passenger growth at Vienna Airport. We have improved our adjusted EBIT by EUR 16.3m to EUR -47.8m compared to last year, despite having had to overcome an increase in kerosene expenditure of EUR 72 million. Had kerosene prices remained at last year’s level, we would actually have seen a substantial improvement in our result. As the second half of 2006 is likely to be dominated by factors including continued high kerosene prices that exceed our budgetary assumptions (already set high as a precautionary measure) and because of the negative consequences of the capacity bottlenecks that have emerged at Austrian air traffic control since spring, it has become necessary to correct our forecast result for the year as a whole. It will probably not be possible to achieve a balanced adjusted EBIT. Depending on the political and economic framework conditions, the annual result will prospectively be better than the previous year.’

Half-Yearly Result - Summary

@@start.t2@@Key indicators                          4-6/2006         +/- %          1-6/2006         +/- %
Revenue                         EURm          676.0            9.9            1,222.8          13.5
EBITDAR adjusted1         EURm            88.2          -7.4                126.9            7.3
EBITDAR                         EURm            94.3          24.4                138.7          53.9
EBIT adjusted2              EURm              6.1                -                -47.8          25.4
EBIT                              EURm              9.1                -                -41.0          55.6
Loss before tax            EURm            -3.3          50.7                -71.0          15.0
adjusted2
Loss before tax            EURm            -3.9          82.8                -59.5          43.4
Cash flow from              EURm          146.3          -5.3                195.1            9.7
operating activities
Total passengers        Passengers  2,870,620      +8.8         4,990,640          10.8
carried
Passenger load factor  %                 71.9            0.0P.              72.1            2.1P.
(scheduled services)@@end@@

Footnotes - Legend of Table

1 Adjusted for profits / losses from the disposal of assets and exchange rate valuations at the reporting date.

2 Adjusted for profits / losses from the disposal of assets, exchange rate valuations at the reporting date and revaluations of aircraft.

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ots Originaltext: Austrian Airlines AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Konzernkommunikation:
Johannes Davoras
Johann Jurceka
Tel.: 051766-1231

Investor Relations
Dr. Prisca Havranek-Kosicek
Tel.: 051766 - 3642

Branche: Air Transport
ISIN:      AT0000620158
WKN:        875224
Index:    WBI, ATX Prime, ATX
Börsen:  Wiener Börse AG / official dealing



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