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Annual results 2017: Austrian Airlines Improves Results Once Again

Posted : 15 March 2018 12:19:38 | By TWO Bureau | New Delhi

Annual results 2017: Austrian Airlines Improves Results Once Again

Business results in detail

 

Total operating revenues rose eight percent to EUR 2,466 million (see chart on the last page). The main reason for this development was the expansion of European flight traffic. This was complemented by income of EUR 7 million from sales of Fokker aircraft. In spite of a significant increase in the number of employees, operating expenditures only climbed by six percent to EUR 2,365 million. Despite political crises in the Middle East, Austrian Airlines succeeded in increasing adjusted EBIT, the most important indicator of economic success, by 62 percent or EUR 36 million to EUR 94 million. Earnings before interest and taxes (EBIT) climbed to EUR 101 million, a year-on-year rise of 55 percent or EUR 36 million.

 

Austrian Airlines invests in modern aircraft and its product offering

 

The integration of Embraer aircraft launched in 2016 as a replacement for Fokker jets was successfully concluded in 2017. A total of 17 Embraer aircraft were added to the fleet. Moreover, five additional Airbus A-320 aircraft were integrated into the Austrian Airlines fleet. One more Boeing 777 aircraft is scheduled to be deployed starting with the 2018 summer flight schedule.

 

Airbus fleet equipped with WLAN on board, new travel class as of March 2018

 

In 2017 all A320 aircraft were equipped with inflight connectivity. The “myAustrian Flynet” system enables passengers to use their own mobile end devices on board via WLAN. Furthermore, all Boeing long-haul aircraft were upgraded at a cost of about EUR 15 million to feature the new Premium Economy Class. The centerpiece of the new Premium Economy Class is a new seat offering greater comfort and more legroom compared to Economy Class.

 

1.5 million more passengers

 

The growth of the fleet and the improved product offering also positively impacts passenger volumes. In the period January to December 2017, Austrian Airlines transported 12.9 million passengers, a thirteen percent improvement year-on-year and a new passenger record. The flight offering in available seat kilometers climbed by seven percent. In spite of the conversion to larger aircraft (Embraer instead of Fokker jets), capacity utilization (passenger load factor) also improved to 76.8 percent, above the comparable figure of 76.1 percent in the previous year. In 2017, Austrian Airlines operated a total of 143,999 flights using 83 aircraft, or an average of 395 flights per day. The regularity of operation was 98.6 percent, whereas the punctuality rate on arrival equaled 83.2 percent




Tags : #Annual Results, # Austrian Airlines, # Results,


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