euro adhoc: Austrian Airlines AG
other
Focus East Offensive with result
improvement dynamically continued
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
25.04.2006
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 Groups 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
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
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.
end of announcement euro adhoc 25.04.2006 07:27:16
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: 875224
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing