Austrian Airlines CFO: 'Good times are still ahead' long term

5 August, 2019

Austrian Airlines CFO Wolfgang Jani said the "good times are still ahead" long term (austrianaviation.net, 05-Aug-2019). As previously reported by CAPA, the carrier reported an adjusted EBIT loss of EUR53 million in 1H2019, compared to a profit of EUR5 million in 1H2018. Mr Jani said the carrier's operating cash flow is positive enough to withstand a prolonged period of negative EBIT and increased competition from LCCs in Vienna, adding it has a "strong parent company" in Lufthansa Group as a secondary safety net.