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Austrian Airlines implements a cost-cuting program

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Starting February 16, Austrian Airlines will cancel Vienna-Baia Mare flight, within the program of short term cost-cutting of EUR 425 mil., out of which EUR 225 mil. in 2009 and the other EUR 200 mil. until 2012.

The transport capacity will lower by approximately 10% compared to 2008, which leads to EUR 115 mil. savings.

Austrian Airlines will also drop flights towards Mumbai and Burgas.

Sursa: Daily Business [30.01.2009], Business Standard [02.02.2009], Wall-Street [02.02.2009], Ziarul Financiar [02.02.2009]

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