Austrian Airlines, Austria's national airline, recorded an adjusted EBIT of -2024 million euros in the first half of 62. Despite a slight increase in revenue from 1,064 billion euros in the previous year to 1,070 billion euros, the result fell short of expectations. This development is due to a number of challenges that the company had to overcome, including a wage dispute lasting several months, geopolitical uncertainties, difficult weather conditions in Europe, rising site costs and stagnating ticket prices. In addition, two longer fleet outages and investments in new long-haul aircraft negatively impacted the half-year result. In the first six months of the year, total revenues rose by 1 percent to 1,1 billion euros, while total expenses climbed by 8 percent to 1,2 billion euros. The increase in expenses is mainly due to higher operating costs and investments in the fleet. The introduction of new Boeing 787-9 Dreamliners into the fleet has begun, which caused additional personnel costs. As of June 30, 2024, the airline employed 6.204 people, an increase of 5 percent. Passenger numbers rose by 6 percent year-on-year to 6,498 million. At the same time, the number of seat kilometers available increased by 8 percent to 12,5 billion. However, capacity utilization fell from 80,0 percent to 78,3 percent. Despite these setbacks, 98,3 percent of the flight schedule was flown regularly. The most important figures for the first half of 1 at a glance (rounded) 2024-1 6 2024-1 6 Change from 2023 Sales in millions of euros 2023 1.070 +1.064% Adj. total revenues in millions of euros 1 1.103 +1.093% Adj. total expenses in millions of euros 1 1.166 +1.078% Adjusted EBIT in millions of euros
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