Austrian Airlines

      2023 2022 Change in %
Revenue €m 2,346 1,871 25
Operating income €m 2,406 1,949 23
Operating expenses €m 2,279 1,946 17
Adjusted EBITDA €m 232 121 92
Adjusted EBIT €m 127 3 4,133
EBIT €m 127 -1  
Adjusted EBIT margin % 5.4 0.2 5.2 pp
Employees as of 31 Dec Number 6,121 5,659 8
Average number of employees Number 5,948 5,609 6
Number of flights Number 113,417 95,040 19
Passengers thousands 13,857 11,142 24
Available seat-kilometres million 25,444 21,700 17
Revenue seat kilometres million 20,835 17,240 21
Passenger load factor % 81.9 79.4 2.5 pts

Austrian Airlines is Austria’s largest airline. It offers its customers a global route network and a high-quality product.

Austrian Airlines modernises its fleet

Austrian Airlines took delivery of three more Airbus A320neos in the reporting year and so has completed the integration of this aircraft model into its fleet. Five A320neos are now in service at Austrian Airlines. With the introduction of this modern and efficient short- and medium-haul aircraft, Austrian Airlines is confirming its commitment to resource-conserving aviation. Thanks to innovative engine technology and improved aerodynamics, the A320neo’s fuel consumption is up to 20% lower than that of similar, older-generation aircraft.

By 2028, Austrian Airlines also expects to receive a total of ten new Boeing 787-9 long-haul aircraft, which also feature the latest-generation technology. This represents another step in the modernisation and growth of the fleet. The Dreamliners will gradually replace the current long-haul aircraft in the B777 and B767 families and contribute to further reductions in carbon emissions at the same time.

At the end of the reporting year, the fleet of Austrian Airlines comprised 66 aircraft.

Top positions at SKYTRAX Awards

Austrian Airlines again won a top place at the renowned SKYTRAX World Airline Awards in the reporting year, collecting the Skytrax Award 2023 in the category Best Airline Staff in Europe.

Contract renewals on the Austrian Airlines Executive Board

On 21 March 2023, the Supervisory Board of Austrian Airlines re-appointed Michael Trestl as a member of the Executive Board and Chief Commercial Officer (CCO) for a further period of five years up to 31 December 2028.

On 26 June 2023, the Supervisory Board of Austrian Airlines re-appointed Francesco Sciortino as a member of the Executive Board and Chief Operating Officer (COO) for a further five years up to 31 March 2029.

Passenger numbers and load factor up in the reporting year

With 13.9 million passengers, Austrian Airlines carried 24% more customers in the reporting year than in the previous year (previous year: 11.1 million). Capacity was expanded by 17% year-on-year and was thus at 89% of its level prior to the outbreak of the coronavirus pandemic in 2019. Sales were up on the previous year by 21%. At 81.9%, the passenger load factor was 2.5 percentage points higher year-on-year (previous year: 79.4%). Yields increased by 5.6%. Traffic revenue went up by 27% to EUR 2,268m (previous year: EUR 1,780m).

Revenue up by 25% year-on-year, Adjusted EBIT of EUR 127m a new record

Revenue at Austrian Airlines climbed by 25% to EUR 2,346m in the 2023 financial year due to higher traffic and increased average yields (previous year: EUR 1,871m). Operating income increased year on year by 23% to EUR 2,406m (previous year: EUR 1,949m).

In the 2023 financial year, operating expenses of EUR 2,279m were 17% higher than in the previous year (previous year: EUR 1,946m). The cost of materials and services climbed by 12%, mainly as a result of increased fees and charges (+17%) and higher expenses for MRO services (+16%) and in-flight services (+31%). Staff costs increased by 50% year-on-year as crisis agreements expired and salaries increased.

Austrian Airlines was thus able to generate a record result in financial year 2023, with Adjusted EBIT of EUR 127m (previous year: EUR 3m). The Adjusted EBIT margin was 5.4% (previous year: 0.2%). EBIT came to EUR 127m (previous year: EUR -1m).

Lufthansa Group Annual Report 2023