Austrian Airlines CEO: ‘the remainder of 2016 is expected to be a challenging’

Austrian Airlines stated (03-May-2016) the remainder of 2016 is expected to be a challenging year. Austrian CEO Kay Kratky said, "The market situation is currently a tense one. In addition to the crisis in the Middle East, geopolitical uncertainties and the related shorter-term booking behaviour have a negative impact on air traffic. Nevertheless, we are striving to generate a substantial improvement in the adjusted EBIT for 2016". [more - original PR]