Austrian Airlines

euro adhoc: Austrian Airlines AG
Focus East Offensive with result improvement dynamically continued

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Extended flight availability disproportionately well sold in the winter season Financial Result of Austrian Airlines Group, 1st Quarter 2006

Summing up the highlights of the Austrian Airlines Group’s balance sheet result for the first quarter of 2006, the Chief Executive Officer, Vagn Soerensen, made the following statement: ‘In the first quarter of the year, traditionally a weaker period in the industry as a whole, we managed to report far stronger results than in the same period last year and continue building upon our Eastern offensive. We managed to increase availability (measured in ASK or available seat kilometers) by 12.9% and to sell this on the market at a rate significantly higher than the market average. As a result, we increased our load factor on scheduled services by 4.5 percentage points in the off-season to reach 72.4%. Based on this powerful traffic performance, and against the background of the continuing high price of kerosene, we improved our operating result by 18.6% (EBIT adjusted). Now, we have designed a range of important new measures - the launch of our new fare concept and internet offensives, the setting-up of a new traffic flow management system, future product innovations in the form of comfortable lie-flat beds in Austrian Business Class and high-speed internet access on our long-haul flights - to keep us on this successful course. In 2006 we expect to achieve a balanced result (EBIT adjusted). Although this will undoubtedly be a challenge, particularly in the context of the industry-wide uncertainty over the kerosene price trend, it is an entirely feasible objective from a present point of view given our commitment and strength.’

Overview of Financial Result, 1st Quarter 2006

@@start.t2@@Key indicators                                            1-3/2006          1-3/2005         +/- %
Revenue                                  EURm                  546.8                462.5          18.2
EBITDAR                                  EURm                    44.4                 14.3                -
EBITDAR adjusted1                  EURm                    38.7                 23.1          67.5
EBIT                                        EURm                  -50.1                -75.0          33.2
EBIT adjusted2                        EURm                  -53.9                -66.2          18.6
Profit/loss before taxes        EURm                  -55.6                -82.4          32.5
Profit/loss before
taxes adjusted2                      EURm                  -67.7                -76.8          11.8
Net cash flow from
operating activities              EURm                    48.8                 23.3                -
Passengers carried                 Passengers  2,118,763         1,863,760          13.7
Passenger load factor
(scheduled services)              %                         72.4                 67.9            4.5 P.
Cargo                                      Tons                 39,710              34,862          13.9@@end@@

1 Adjusted for profits/losses from the disposal of assets and for exchange rate valuations at the reporting date.

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

@@start.t3@@end of announcement                                                 euro adhoc 25.04.2006 07:27:16

ots Originaltext: Austrian Airlines AG
Im Internet recherchierbar:

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:        875224
Index:    WBI, ATX Prime, ATX
Börsen:  Wiener Börse AG / official dealing

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