euro adhoc: Austrian Airlines AG
other
Guidance for 2008 Annual Result not
sustainable due to economic downturn
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Company Information
16.10.2008
The current economic downturn has already led to declines in bookings as of the start of the 4th quarter. Noticeable consequences for the aviation industry due to the general financial and economic crisis are also expected for the coming months. Based on the already observed as well as expected declines in bookings Austrian Airlines has calculated new forecasts. The new revenue forecast through the end of the fiscal year produced on this basis indicates that the previous guidance can no longer be upheld. The expected sales-related revenue losses are higher than the relief in the area of fuel costs, meaning a net loss for the year before special effects of EUR 100 to 125 million can be expected for the 2008 fiscal year.
Please find further information concerning the disclosure according to §§ 24 and 25 Media Act on www.austrian.com
end of announcement euro adhoc
Further inquiry note:
Corporate Communications:
Livia Dandrea-Böhm
Tel.: 051766-11231
Investor Relations
Dr. Prisca Havranek-Kosicek
Tel.: 051766 - 13311
Branche: Air Transport
ISIN: AT0000620158
WKN: 875224
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market