The airline Austrian Airlines was able to generate a positive adjusted EBIT for the first time since the beginning of the corona pandemic. The Lufthansa subsidiary closed the 2022 financial year with a profit of three million euros. It had 11,1 million passengers on board. In 2020 and 2021, Austrian Airlines was deep in the red, partly due to the effects of the pandemic. In 2019, it had an adjusted EBIT of 19 million euros, before recording a loss of 2020 million euros in 319 and a deficit of 2021 million euros in 249. The carrier attributes the current profit primarily to the fact that demand rose sharply last year due to the largely abolition of travel restrictions. In a media statement, "higher average ticket revenues" is a rather diplomatic way of describing the fact that on many routes, the offer - in direct comparison with the pre-crisis level - was significantly lower, but ticket prices increased significantly. "2022 was not an easy year for us either. In the first quarter of the year, air traffic was still very restricted in many places due to entry requirements, and in February, with a war on our doorstep, fuel and energy costs soared," said Austrian Airlines CEO Annette Mann. "As a crisis-tested and flexible airline, however, we won back our passengers with a solid summer performance. And thus ended up in the black!" Carrier also benefited from employees' wage cuts In 2022, Austrian Airlines' annual revenue climbed from EUR 743 million in the previous year to EUR 1,871 billion (+152%), which was 11 percent below the revenue from 2019 (EUR 2,108 billion).
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