Bmi and Austrian Airlines post Q3 profits

Bmi and Austrian Airlines, both owned by Lufthansa, have posted quarterly profits – the first time since acquired by the German carrier. For the three months ending September 30, Austrian Airlines’ operating income was €23 million ($32 million), while bmi posted a €3 million operating income. Upon acquisition of the two airlines Lufthansa cut over 1300 jobs and imposed new strategic plans, which the results show are starting to pay off. “After a bumpy start to the year, we accomplished a remarkable comeback and have now reached cruising altitude far more quickly than could have been expected,” says Wolfgang Mayrhuber,