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,

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In