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In the first quarter of the 2022 financial year, Austrian Airlines recorded an adjusted EBIT of minus 109 million euros. For the further course of the year, especially the summer, one is confident.
In the first quarter of 2022, the Austrian Lufthansa subsidiary felt the effects of restrictions imposed by various governments in a panic due to the Omicron variant. The flight plan had to be thinned out. Added to this was the fact that fuel prices were already rising in January, February and March 2022.
According to Chief Commercial Officer Michael Trestl, the prospects for the summer of 2022 are good, but he also points out that bookings are being made well in advance again: “We are currently recording weekly bookings in the six-digit range for the May and June holidays and for the summer holidays. Our guests are booking longer in advance again – the summer holiday planes are already filling up and business trips are also on the rise again. This dynamic makes us very confident”.
1,1 million passengers carried in the first quarter of 2022
In the first quarter of 2022, revenue at Austrian Airlines was EUR 201 million, more than three times as high as in the previous year (Q1 2021: EUR 61 million), but still a third lower than in the same period in 2020 (Q1 2020: EUR 287 million). euros) in which the beginning of the corona pandemic fell. The domestic airline’s total revenue developed similarly, increasing by 2021 percent compared to 220 to EUR 208 million (Q1 2021: EUR 65 million, Q1 2020: EUR 304 million). Total expenses increased by 87 percent to EUR 316 million (Q1 2021: EUR 169 million, Q1 2020: EUR 440 million). Adjusted EBIT, which excludes valuation gains/losses from aircraft sales and valuations, deteriorated slightly at EUR -109 million compared to 2021 (Q1 2021: EUR -105 million) (-5 %), but improved by 2020% compared to 20 (Q1 2020: -136 million euros). The company's liquidity remains at a very high level. The next regular credit installment of EUR 30 million will be repaid at the end of the second quarter.
In total, 1,1 million passengers were transported in the first quarter of the year, almost four times as much as in 2021 (Q1 2021: 308.000). At 3,3 billion, the available seat kilometers also developed in line with this trend (Q1 2021: 831.000) and approached those of the first quarter of 2020 (Q1 2020: 4,5 billion). The load factor of Austrian Airlines flights in the first quarter of the year also increased by 10,6 percentage points compared to 2021 to 63,2 percent (Q1 2021: 52,5%), which is 5 percentage points below the load factor in the first quarter of 2020 (Q2 2020: 68,2 .XNUMX%).
The AUA quarterly figures at a glance:
| 1 3-2022 XNUMX | 1 3-2021 XNUMX | 1 3-2020 XNUMX | Change to previous year | change to 2020 | |
| Sales in € million | 201 | 61 | 287 | 230% | -30% |
| Adj. Total revenue in € m | 208 | 65 | 304 | 220% | -32% |
| Adj. Total expenses in € m | 316 | 169 | 440 | 87% | -28% |
| Adjusted EBIT in € million | -109 | -104 | -136 | -5% | 20% |
| EBIT in € million | -110 | -105 | -197 | -5% | 44% |
| Passengers Thousands | 1.134 | 308 | 1.933 | 268% | -41% |
| Available seat kilometers (ASK) in millions | 3.313 | 831 | 4.521 | + 299% | -27% |
| Occupancy (passenger factor) in% | 63,2 | 52,6 | 68,2 | +10,6 pp | -5 pp |
| Number of flights | 13.345 | 5.426 | 22.727 | 146% | -41% |
| Fleet size (existing fleet) | 61 | 77 | 84 | -16 | -23 |
| regularity | 99,20% | 99,30% | 95,20% | -0,1 pp | +4 pp |
| Punctuality at departure | 91,10% | 81,40% | 88,10% | +9,7 pp | +3 pp |
| Punctuality on arrival | 92,30% | 84,40% | 88,60% | +7,9 pp | +3,7 pp |
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