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Austrian Airlines

euro adhoc: Austrian Airlines AG
Quarterly or Semiannual Financial Statements
Austrian Airlines Group sets new passenger record in 2002 with 8.8 million passengers (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
In what was an extremely challenging year for all the aviation
industry around the world, the Austrian Airlines Group - Austrian
Airlines, Tyrolean Airways and Lauda Air - succeeded in setting a new
record for the number of passengers carried in 2002. Thanks to its
optimised route programme, high service quality standards, innovative
marketing and highly creative range of ticket prices, last year’s
result was exceeded by 3.3 percent. A total of 8,831,666 passengers
flew Austrian Airlines Group in 2002.
A total of 7,266,245 passengers were carried on scheduled flights (+
1.2%), while the figure for charter traffic was 1,565,421 people (+
14.0%). Despite the generally contracting air travel scenario and
increased market presence of so-called ‘no-frills’ carriers, the
Austrian Airlines Group made gains in market share compared to other
European airlines where defined as the members of the AEA
(Association of European Airlines). Chief Executive Officer Vagn
Soerensen summed up the situation: "With this result, we have shown
our ability to act highly successfully and to develop further market
potential on the basis of our business model as a network carrier."
Availability of scheduled traffic was reduced, while it was increased
in the charter sector. In total, the number of available seat
kilometers was up by 2.7 percent on the previous year, while revenue
passenger kilometers rose by 6.3 %. This enabled the company to raise
its total load factor by 2.4 percentage points to 72.6 % (70.5 % for
scheduled flights only).
end of announcement        euro adhoc 23.01.2003

Further inquiry note:

Konzernkommunikation: Johannes Davoras Johann Jurceka Tel.: 051755-1231 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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