Austrian Airlines

euro adhoc: Austrian Airlines AG
quarterly or semiannual financial statement / Significant improvement in Result in first Half-year

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------@@end@@

24.07.2007

Restructuring measures in implementation, Airbus A330 fleet valuation complete, Focus East strategy continuing according to plan

Financial Result of the Austrian Airlines Group for 1st Half-year 2007

The Chief Executive Officer of the Austrian Airlines Group, Alfred   Ötsch,  made the following statement today to mark  the  release  of the  Group's  half-year results: 'The operating result (EBIT) improved significantly in the first  half-

@@start.t2@@year compared to the same period in 2006, rising from          EUR  -41.0m  to  EUR
-2.9m, a positive upward trend. We have decided upon and  implemented  a  number
of important new directions. These  include  cancelling  unprofitable  long-haul@@end@@

destinations, putting in place the associated staffing measures  and completing the valuation of our Airbus A330 fleet. Both our  quality offensive  and  Focus East strategy have been consistently expanded. The significant  improvements  in our EBIT in the first half-year and second quarter  show  that  we  are  on  the right course. Despite this,  the  financial  year  2007  should  be  seen  as  a

@@start.t3@@transitional  year,  when  the  positive  effects    of    the    cancellation    of unprofitable destinations have still to fully impact the  operating  result  and it has not yet been possible  to  reduce  the  total  remaining  costs.  We  are progressing according to plan, and striving  to  generate  a  profit  that  will justify our paying a dividend by 2009.´

                    Overview of Financial Result for 1st Half-year of 2007

|Key figures              |         |1-6 / 2007  |+/- %    |4-6 / 2007    |+/- %
|Revenue                        |EURm  |1,204.1      |-1.5         |642.6         |-4.9
|EBITDAR1                      |EURm  |172.4         |24.3         |104.5         |10.8
|EBITDAR1 adjusted2      |EURm  |164.6         |29.7         |104.9         |18.9
|Result from operating
activities (EBIT)         |EURm  |-2.9          |-              |16.1          |76.9
|Result from operating
activities (EBIT)
adjusted2                      |EURm  |-10.7         |77.6         |16.5          |-
|Net result for the
period                          |EURm  |-8.6          |85.9         |7.7            |-
|Cash flow from
operating activities    |EURm  |191.5         |-1.8         |122.5         |-16.3
|Net Gearing                 |%        |130.2         |-              |130.2         |-
|Earnings per share      |EUR    |-0.09         |95.1         |0.09          |-
|CVA                              |EURm  |-70.1         |33.7         |-12.1         |55.0
|Passengers carried
(total)                         |         |5,083,936  |1.9          |2,837,952  |-1.1
|Passenger load factor
(scheduled service)      |%        |74.1          |1.9 P.      |74.1          |2.2 P.
|Employees (end of
period)                         |         |8,027         |-7.6         |-                |-@@end@@

1 Result  from  operating    activities    (EBIT)    before     associates,    before    depreciation and rentals 2 Adjusted by the result from  the  disposal  of assets, other costs of the    transfer of aircraft, foreign currency valuations  at the  reporting  date and impairment of the value of aircraft

@@start.t4@@end of announcement                                                 euro adhoc 24.07.2007 07:29:08
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ots Originaltext: Austrian Airlines AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Konzernkommunikation:
Livia Dandrea-Böhm
Tel.: 051766-1231

Investor Relations
Dr. Prisca Havranek-Kosicek
Tel.: 051766 - 3311

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



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