Austrian Airlines Cuts Recovery Forecast Amid Third COVID Wave Advertisement: Amid another wave of coronavirus outbreaks across Europe in recent weeks, Austrian Airlines has had to implement further restructuring measures. The flag carrier of Austria has had to lower expectations and long-term park another two planes. Notably, The airline’s chief executive officer, Alexis von Hoensbroech, has shared that his company “will be completely different after the crisis.” Austrian had already entered cost-cutting mode before the pandemic amid tough competition, but it has been forced to continue this process. Photo: Austrian Airlines Having to adapt According to a statement shared by Austrian today, the airline has been using the downturn period to prepare for its future. For instance, it has been centralizing flight traffic in Vienna, which, in turn, has forced the termination of all crew and technical bases in the federal provinces. Moreover, the carrier has been divesting itself of smaller aircraft such as the Dash 8 and Airbus A319. This process is now in its later stages.