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Austrian Airlines

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

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24.10.2005
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
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
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.
end of announcement                               euro adhoc 24.10.2005 07:28:53

Further inquiry note:

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

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