euro adhoc: Austrian Airlines AG
other
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:
Konzernkommunikation:
Johannes Davoras
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Tel.: 051766-1231
Investor Relations
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Tel.: 051766 - 3642
Branche: Air Transport
ISIN: AT0000620158
WKN: 062015
Index: WBI, ATX Prime, ATX
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