Alle Storys
Folgen
Keine Story von Austrian Airlines mehr verpassen.

Austrian Airlines

euro adhoc: Austrian Airlines AG
Quarterly or Semiannual Financial Statements
Continuing challenging conditions have negative effect on result

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
27.04.2005
Group unlikely to achieve annual forecast due to market conditions
Quarterly Result of the Austrian Airlines Group (January to March
2005)
The first quarter of 2005 featured weakness in the load factor,
overcapacity in the market and extremely high fuel costs (marked by
spikes of up to US$ 600 per tonne). These negative conditions led to
a situation whereby the passenger load factor on scheduled services
fell by 2.7 percentage points to 68.0 % compared to the same period
the previous year. Transport performance on scheduled and charter
services fell by 3.9 % to 1.86 million passengers carried.
Compared to last year, the adjusted EBIT fell from EUR -27.7m to EUR
-64.0m. The EBIT fell from EUR -40.7m to EUR -73.6m. Profit before
tax was EUR -81.0m, compared to EUR -47.6m the previous year
(adjusted figure EUR -74.5m, following EUR -34.9m in Q1 2004).
Vagn Soerensen, the Chief Executive Officer of the Austrian Airlines
Group, issued the following comment on the quarterly result: ‘We
reacted rapidly to the fall in demand and reduced our planned growth.
Although our marketing measures, which have included subsidising
transfer charges, introducing the ‘silverticket - upgrade to
business’ to stabilise Business Class load factors and global sales
offensives have had a positive impact, it has proved impossible to
compensate entirely for external market factors.
Consequently, as the situation stands at present, it will not be
possible to meet the demands of our annual forecast to date (to
improve on the adjusted EBIT for 2004 of EUR 10 million). As a result
of the existing framework conditions - fuel prices and overcapacity
in particular - we expect to see a negative adjusted EBIT for the
full year of 2005.
We will continue to build upon our strategy of specialisation as the
dominant player in the market for services to Central and Eastern
Europe with a dense network of long-haul connections to Asia and
Australia. The successful future of the Austrian Airlines Group lies
in this niche market."
Financial Result for First Quarter 2005
~
Key Business Indicators    Unit      1-3/2005    1-3/2004    +/- %
Revenue                    EURm         462.5       471.0    -1.8
Operating revenue          EURm         469.7       464.7     1.1
Operating expenses         EURm        -543.3      -505.4    -7.5
EBITDAR                    EURm          -5.0        16.3       -
EBITDAR adjusted 1         EURm           4.6        42.4   -89.2
EBIT                       EURm         -73.6       -40.7   -80.8
EBIT adjusted 2            EURm         -64.0       -27.7       -
Profit before tax          EURm         -81.0       -47.6   -70.2
Profit before tax 
adjusted 2                 EURm         -74.5       -34.9       -
Profit after tax           EURm         -81.0       -47.6   -70.2
Profit after tax 
adjusted 3                 EURm         -74.5       -34.9       -
Cash flows from 
operating activities       EURm           9.1        61.0   -85.1
Net loss for the period    EURm         -80.8       -47.9   -68.7
Financial result           EURm          -7.4        -6.9    -7.2
Passengers carried on 
scheduled and charter 
services                            1,863,639   1,940,271    -3.9
Passenger load factor 
(scheduled services)          %          68.0        70.7    -2.7 P.
Cargo                    Tonnes        34,607      33,057     4.7
~
1 Adjusted for profits/losses from the disposal of assets and for
exchange rate valuations at the reporting date.
2 Adjusted for profits from the disposal of assets, exchange rate
valuations at the reporting date and revaluations of aircraft.
3 Adjusted for profits/losses from the disposal of assets, exchange
rate valuations at the reporting date, revaluations of aircraft and
changes in corporate tax rates.
end of announcement                    euro adhoc 27.04.2005 07:28:56 

Further inquiry note:

Konzernkommunikation:
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

Weitere Storys: Austrian Airlines
Weitere Storys: Austrian Airlines