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Austrian Airlines

euro adhoc: Austrian Airlines AG
Overcapacity in market leads to reduction in load factor in fourth quarter - negative effect on result from operating activities increased by high fuel costs Forecast EBIT for 2004 (EUR 50 million) to be maintained on

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Targeted production cutbacks of 3 % of flights planned for next three
months to be used to adjust network to overcapacity in Europe
Fuel surcharges for flights increased as of 29 November
Corporate performance in the fourth quarter is of decisive
importance, particularly for the achievement of the forecast result
for 2004. Due to factors which have become increasingly apparent in
the course of the latest business period, the Austrian Airlines Group
has been forced to adjust its forecast 2004 annual result from
operating activities. Although the Group will still hold to its
original target EBIT of EUR 50 million on an unadjusted basis, it
will now be necessary to correct the adjusted EBIT to EUR 10 million.
end of announcement                    euro adhoc 22.11.2004 07:31:16 

Further inquiry note:

Corporate and Market Communications:
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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Plus de actualités: Austrian Airlines