Austrian Airlines has announced regular flight operations have been suspended until May 3, 2020, and upon resuming, it will have 25-50% of the demand this summer compared to 2019, the company said.
Austrian said it anticipates a significant reduction in demand for 2021 and the pre-corona level will probably not be reached until 2023 at the earliest. Accordingly, the airline is preparing for a reorientation and adaptation of the company to the changed travel behavior.
Conversations are ongoing with the Austrian government, the owner Lufthansa and the social partners in order to prepare the new start after the crisis.
This realignment includes a reduction in the size of the fleet and consistent restructuring. The extent to which this will take place has not yet been finally defined and also depends on the further development of the crisis.
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