Austrian Airlines

euro adhoc: Austrian Airlines AG
Strong growth in traffic produces positive result in third quarter

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Soerensen: ‘Regenerative strength particularly well developed in Focus East regions.’ Financial result of Austrian Airlines Group for the third quarter of 2005

Introducing the latest business results of the Austrian Airlines Group, Vagn Soerensen, the Chief Executive Officer of the Board of Management, made the following statement: ‘After the improvements of the second quarter, we succeeded in gaining new market share in the third quarter and generated a clearly positive quarterly result with above-average traffic growth. This regenerative strength proved to be particularly well developed in our Focus East regions of Eastern Europe and the Middle and Far East. However, as we enter the winter season, when demand is traditionally weaker, it is important that we maintain a proper sense of proportion. Kerosene prices are high and look set to continue at their current level, and there is serious overcapacity in the European market. We are currently reducing production, strictly controlling costs, introducing greater flexibility into our resources and launching offensive sales promotions in the market in an effort to raise our share of available demand. The recovery in the quarter has been an important initial step, as we prepare ourselves for takeoff in 2006.’

Third quarter financial result at a glance

@@start.t2@@Key figures                                                 7-9/2005  +/- %    1-9/2005      +/- %
Revenue                                      EURm            725.7      13.2        1,803.2        6.8
EBITDAR                                      EURm            106.4    -19.8          154.1    -35.4
EBITDAR adjusted 1                    EURm              98.5      -8.1          176.1    -27.1
EBIT                                          EURm              15.4    -73.7          -77.9          -
EBIT adjusted 2                         EURm              26.8    -20.0          -36.7          -
Profit before tax                      EURm              10.6    -83.3          -96.0          -
Profit before tax
adjusted 2                                 EURm              19.5    -31.6          -63.8          -
Cash flows from
operating activities                 EURm              72.6         -            218.6      20.6
Total passengers carried                        3,295,689      13.8    7,798,929        6.6
Passenger load factor
(scheduled services)                 %                  80.1        3.4 P.        73.9        0.7 P.
Cargo                                         Tons          42,126      12.6        114,847        6.6@@end@@

1 Adjusted for profits/losses from the disposal of assets, disposal costs aircraft (2005: EUR 0.0m, 2004: EUR 3.9m) and for exchange rate valuations at the reporting date.

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

@@start.t3@@end of announcement                                                 euro adhoc 24.10.2005 07:28:53

ots Originaltext: Austrian Airlines AG
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Further inquiry note:
Johannes Davoras
Johann Jurceka
Tel.: 051766-1231

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

Branche: Air Transport
ISIN:      AT0000620158
WKN:        062015
Index:    WBI, ATX Prime, ATX
Börsen:  Wiener Börse AG / official dealing

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