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Austrian Airlines sees 54-mln-euro 2015 profit, announces 470 new jobs

Xinhua, March 18, 2016 Adjust font size:

Austrian Airlines (AUA) has posted an operating profit (EBIT) of 54 million euros (61.1 million U.S. dollars) in 2015, up from 17 million euros the year prior, the airline stated on Thursday.

Revenues for the Lufthansa subsidiary increased 3.2 percent to 2.2 billion euros, that it said came from its core business.

This comes despite a reduction in the number of passengers of three percent, down to about 10.8 million for the year. AUA said this due a planned reduction in capacity in European routes, particularly to Russia and Ukraine.

The airline also announced plans to hire 70 more pilots and 400 flight attendants by 2017.

AUA CEO Kay Kratky told the media at the Vienna International Airport that one of every four million euros the company earns has come from new routes, with those to North America developing particularly well.

In addition, routes to Hong Kong, Shanghai, and Havana are to be added in the current year, according to the company, which stated it will over the coming months work on marketing its new long-distance routes to bring them to profitability. (1 euro = 1.13 U.S. dollars) Endit