Austrian Airlines revised earnings forecast to ‘above the previous year’

Austrian Airlines revised (02-Aug-2016) its earnings forecast downwards from "substantially above the prior-year level" to "above the previous year". Due to the prevailing difficult political environment and market conditions, Austrian Airlines is cautiously optimistic with respect to the rest of the year 2016. "The summer season is developing satisfactorily. We expect to increase adjusted EBIT this year from the prior-year level based on a stable bookings situation and our good half-year results", concluded Austrian Airlines CFO Heinz Lachinger. [more - original PR]