Austrian Feels the Effects of Slowdown

16th Apr 2003

he combined consequences of global economic slowdown, an additional slowing of demand due to the conflict in Iraq and SARS have led to a reduction in the number of passengers especially in March 2003. In the reporting month of March, the Austrian Airlines Group carried a total of 612,000 passengers, 8.2 % down on the comparable month the preceding year. The reduction on scheduled services was 10 %, while the Group increased the number of passengers carried in its holiday and charter segment by 7.9 %. The average load factor for scheduled traffic fell by 7.1 percentage points to 64.0 %, producing an average passenger load factor (scheduled and holiday/charter flights) of 66.3 % overall.
Compared to the same period the previous year, the cumulative traffic statistics for the first quarter of 2003 (January to March inclusive) show that the fall in demand has caused a 0.1 % reduction in the total number of passengers carried, to 1.745 million passengers. 3.3 % fewer passengers were carried on scheduled services, while the charter/holiday flight segment generated increases of 30.9 %. Compared to the previous year, the consistent reductions in capacity implemented at the beginning of this year (5 % in January, 5 % in February and 6 % in March) produced an increase in available seat kilometers for scheduled traffic alone of 13.3 %, while the number of revenue passenger kilometers increased by almost the same figure, at 11.5 %. As a result, it was possible to avoid a strong reduction in the average load factor for scheduled traffic; there was a fall of 1.1 percentage points to 64.9 %.


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