NEWS Austrian Airlines set to return to profitability after restructuring

Austria’s flag carrier, Austrian Airlines, has said it will return to a cautious growth path after years of restructuring. A new pricing model, new medium-haul fleet, new destinations, the expansion of the business as an operating carrier within the Lufthansa Group and a new red-white-red market image comprise the underlying basis. “The restructuring carried out over the past few years has made us fit again for the challenging aviation market,” said Austrian Airlines chief executive Jaan Albrecht.