Austrian Airlines

euro adhoc: Austrian Airlines AG
other
Guidance for 2008 Annual Result not sustainable due to economic downturn

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Company Information

16.10.2008

The current economic downturn has already led to declines in bookings as of  the start of the 4th quarter. Noticeable consequences for the aviation industry  due to the general financial and economic crisis are also expected  for  the  coming months. Based on the already observed as well as expected declines  in  bookings Austrian Airlines has  calculated  new  forecasts.  The  new  revenue  forecast through the end of the fiscal year produced on this  basis  indicates  that   the previous guidance can no longer be upheld. The  expected   sales-related  revenue losses are higher than the relief in the area of fuel costs, meaning a net  loss for the year before special effects of EUR 100 to 125 million  can  be  expected for the 2008 fiscal year.

Please find further information concerning the disclosure according to §§ 24 and 25 Media Act on www.austrian.com

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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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