newstodate.aero
MAY 06, 2003 (newstodate): Austrian Airlines had a difficult Q1, with a fall in result, slight drop in revenues, and a slight increase in costs.
The airline has introduced a revised fare scheme to fight off competition from low-cost operators.
During this year's Q1, the airline has leased two cost-efficient Dash 8-400 aircraft, closed down its corporate jet-segment after selling two Lear 60 aircraft. The order for a fourth Boeing 777 long-range jet was converted into a contract for three medium-range Boeing 737-800 aircraft, and three Dash 8 (one of which with a purchasing agreement) and one Boeing 737 aircraft were leased out as per March 31.
Due to the current lack of demand, one Airbus 321, one Canadair RJ, one Dash 8-300 and one Dash 8-400 were also put out of service temporarily. Current over-capacity is being reduced wherever possible and will be profitably employed again once markets have recovered, Austrian Airlines says
The airline has introduced a revised fare scheme to fight off competition from low-cost operators.
During this year's Q1, the airline has leased two cost-efficient Dash 8-400 aircraft, closed down its corporate jet-segment after selling two Lear 60 aircraft. The order for a fourth Boeing 777 long-range jet was converted into a contract for three medium-range Boeing 737-800 aircraft, and three Dash 8 (one of which with a purchasing agreement) and one Boeing 737 aircraft were leased out as per March 31.
Due to the current lack of demand, one Airbus 321, one Canadair RJ, one Dash 8-300 and one Dash 8-400 were also put out of service temporarily. Current over-capacity is being reduced wherever possible and will be profitably employed again once markets have recovered, Austrian Airlines says