Austrian Airlines

euro adhoc: Austrian Airlines AG
Financial Figures/Balance Sheet
Positive Development in the second quarter despite challenging market environment

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28.07.2008

Result forecast for 2008 confirmed

Despite the increasing  challenging  market  environment  an   expected  positive development of the financial performance was seen in  the  second  quarter  2008 compared with the first quarter. In the second quarter of  2008,  EBIT  totalled EUR 25.5m, up 12.8% from last year. EBIT was EUR -24.6m in the first  half-year, compared to EUR 10.1m in the previous year due to the  negative  impact  of  the first quarter.

The net profit climbed to EUR 11.7m in the second quarter, up from EUR  7.7m  in the same period of the previous year.  This   development  partially  compensated for first quarter results. Nevertheless, the net result for the first  half-year 2008 totalled EUR -48.7m, compared to EUR -8.6m in the first  six  months of 2007.

Flight revenue increased by 3.6% in the second quarter of 2008, to   EUR  642.1m. Total flight revenue was slightly down 1.5% in the   first  six  months,  to  EUR 1,142.5m, due to the redimensioning of the long-haul segment in 2007.

Operating revenue in the second quarter improved by EUR 20.0m,  to   EUR  682.8m. The relatively weak performance in the period January-March led  to  an  overall slight decline in operating revenue of 1.5% in the first half-year 2008, to  EUR 1,226.2m.

Total cash and cash equivalents  as  at  June  30,  2008  were  at   EUR  231.4m, disposable securities stood at EUR 93.9m, summing up to EUR 325.3m.  The  equity ratio increased to 26.3% as at June 30, 2008 (June 30, 2007: 24.7%). At  present the company can confirm the earlier forecast, and expects a net result  for  the 2008 financial year ranging from EUR -70m to EUR -90m.

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

Further inquiry note:
Corporate Communications:
Livia Dandrea-Böhm
Tel.: 051766-11231

Investor Relations
Dr. Prisca Havranek-Kosicek
Tel.: 051766 - 13311

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



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