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Austrian Airlines "Looking Forward to Summer" after Dismal Q1


MIAMI – Austrian Airlines (OS) reported today a passenger decline of 84% in the first quarter of 2021, compared to the same period in 2020.
Revenue at the Austrian flag carrier consequently fell by 79%, down to 61 million euros compared to 287 million euros earned in the first quarter last year. The ongoing COVID-19 crisis, and the resulting travel restrictions in Austria and across the globe, are largely to blame for this downturn.
Despite these bleak numbers, executives at Austrian are cautiously optimistic about the near future. “Everyone is looking forward to summer,” the airline said in today’s press release.
An Austrian Airlines Airbus A321-211 comes in for a landing. PC: Alberto Cucini/Airways ....

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Austrian Airlines CEO Calls Regional Planes A "Dying Business"


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Amid the challenges of COVID-19, many airlines worldwide have been forced to restructure their fleet. These right-sizing measures should help carriers to adapt to new and unpredictable demand levels. For Austrian Airlines, this has meant streamlining its fleet to dispose of smaller aircraft, which its CEO no longer considers economically viable.
Moving forward, Austrian’s smallest aircraft will be the Embraer 195. Photo: Florian Klebl via Flickr
Moving away from regional aircraft
Before the onset of the coronavirus pandemic, Austrian had a diverse fleet of around 80 planes. This included a core short-haul fleet of Airbus A320 family aircraft. Meanwhile, Boeing’s 767 and 777 families were doing the honors in terms of its long-haul network. ....

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