Austrian Airlines completes integration

Austrian Airlines has finalised the integration of its mainline flight operations with regional subsidiary Tyrolean Airways. Also as part of the same restructuring plan, the Lauda Air brand will cease to exist as the company streamlines its operations in a bid to return to profitability. Austrian Airlines Group has recorded an annual negative EBIT for the majority of the last decade despite consecutive cost cutting exercises and a takeover by Lufthansa Group in 2009. Austrian Airlines’ flight operations – comprising seven 737-800s, 22 A320 family aircraft, six 767-300ERs and three 777-200ERs as well as their cockpit and cabin crew –