Austrian axes another 500 jobs after €95mn mid-year loss
Austrian Airlines will axe another 500 jobs, downsizing by 20%, following a mid-year loss of E95m (US$112.4m) as the COVID-19 health crisis continues to impact the carrier despite an increase in summer bookings. Presenting the company’s results for the first half of 2021, Chief Executive Officer Alexis von Hoensbroech said the company would in total shed 1,350 full-time employees, 850 of whom had already left through attrition. He told Austrian ORD TV that excess positions amongst flight- and technical crews and administrative staff would likely be affected. The company had already shrunk by 9% to 6,132 employees compared to 6,999 at the same time in 2019. “Virus variants, the travel restrictions often associated with them, and low demand for long-distance and business travel are clearly slowing down the recovery of the aviation industry. The increasing number of bookings in summer gives us some breathing space, but the crisis does not allow us to breathe a sigh of relief,” he said. Revenue of E126m in 2Q21 represented a 79% decline compared to 2Q19, although it was 260% higher than the E35m earned in 2Q20 during two weeks of minimal operation in June 2020.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-08-06/star/austrian-axes-another-500-jobs-after-20ac95mn-mid-year-loss
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Austrian axes another 500 jobs after €95mn mid-year loss
Austrian Airlines will axe another 500 jobs, downsizing by 20%, following a mid-year loss of E95m (US$112.4m) as the COVID-19 health crisis continues to impact the carrier despite an increase in summer bookings. Presenting the company’s results for the first half of 2021, Chief Executive Officer Alexis von Hoensbroech said the company would in total shed 1,350 full-time employees, 850 of whom had already left through attrition. He told Austrian ORD TV that excess positions amongst flight- and technical crews and administrative staff would likely be affected. The company had already shrunk by 9% to 6,132 employees compared to 6,999 at the same time in 2019. “Virus variants, the travel restrictions often associated with them, and low demand for long-distance and business travel are clearly slowing down the recovery of the aviation industry. The increasing number of bookings in summer gives us some breathing space, but the crisis does not allow us to breathe a sigh of relief,” he said. Revenue of E126m in 2Q21 represented a 79% decline compared to 2Q19, although it was 260% higher than the E35m earned in 2Q20 during two weeks of minimal operation in June 2020.<br/>
