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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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: johannes.davoras@aua.com

end of announcement euro adhoc

Emittent: Austrian Airlines AG
Fontanastrasse 1
AT-1107 Wien
Tel: +43 (0)5 1766
FAX: +43 (0)1 688 55 05
Email: johannes.davoras@aua.com
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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