euro adhoc: Austrian Airlines AG / Quarterly or Semiannual Financial Statements / Repositioning as Eastern Europe Specialist with Pan-European Reach will bring 50% Increase in Passenger Volume from and to Eastern and Central Europe by 2008 (E)

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The issuer is responsible for the content of this announcement.
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Results trend and balance sheet for first half-year of 2003

Prompt and comprehensive countermeasures partially offset negative
trend

Full year result to break-even at EBIT level or to be slightly
positive respectively

With the first half-year of 2003 characterised by negative trends
such as war in Iraq, the outbreak of SARS and continuing weakness in
the global economy, the Austrian Airlines Group generated Earnings
Before Interest and Taxes (EBIT) of EUR -23.3m. Profit before tax
(EGT) for the half-year was EUR -28.6m, compared to EUR 4.3m for the
comparison period the previous year. Based on the developments in the
first half-year, the full year result is forecast to break-even at
EBIT level or to be slightly positive respectively. Due to the
negative effects outlined above, the passenger volume of the Austrian
Airlines Group fell by 5.8 % in the first six months of the year to
3,847,698 million passengers carried.

The half-year result of the Austrian Airlines Group at a glance

1-6/2003  1-6/2002  +/- %
Revenue                             EURm    941.3     1,030.9   -8.7
EBITDAR adjusted1                   EURm     85.1      156.9   -45.8
EBITDAR                             EURm    183.4      252.4   -27.3
EBIT adjusted2                      EURm    -52.5        7.0     -
EBIT                                EURm    -23.3       29.7     -
Profit before tax adjusted2         EURm    -60.0      -24.2     -
Profit before tax                   EURm    -28.6        4.3     -
Cash flows from operating           EURm    149.0      305.6   -51.2
activities
Passengers carried                      3,847,698  4,086,550    -5.8
Passenger load factor                  %     66.0       68.6   -2.6P.
(scheduled services)

1Adjusted for profits from the disposal of assets and for exchange
rate valuations at the reporting date.
2Adjusted for profits from the disposal of assets, exchange rate
valuations at the reporting date and revaluations of aircraft

Further inquiry note:
Konzernkommunikation:
Johannes Davoras
Johann Jurceka
Tel.: 051755-1231

Investor Relations
Karl Knezourek
Tel.: 051766 - 3328
Tel: +43 (0)5 1766
FAX: +43 (0)1 688 55 05
Email: [email protected]

end of announcement euro adhoc 07.08.2003
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Emittent: Austrian Airlines AG
Fontanastrasse 1
AT-1107 Wien
Tel: +43 (0)5 1766
FAX: +43 (0)1 688 55 05
Email: [email protected]
WWW: http://www.aua.com
ISIN: AT0000620158
WKN: 062015
Indizes: ATX, ATX Prime, WBI
Börsen: official dealing Wiener Börse AG
Branche: Air Transport
Sprache: Englisch

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