Annual result 2021: After another crisis year record bookings pave the runway for Austrian Airlines towards summer

Finance Success


Annual result 2021: Modified EBIT at EUR -264 million

Passenger growth of 61 p.c when compared to 2020

EUR 60 of EUR 300 million of the disaster mortgage presently repaid

Large reserving quantities pave the way for summertime 2022

CCO Michael Trestl: More than 500,000 bookings within just 14 days prove that people today want to journey yet again.

COO Francesco Sciortino: In the previous two several years we have demonstrated resilience and flown Austrian Airlines with fantastic adaptability through a crisis full of turbulence. With each other we can also grasp other difficulties!


We are the Austrian flag provider, it is our mission to connect individuals and economies, even in difficult situations. This is why we are all the additional concerned about the condition in Ukraine, which is creating extreme suffering and uncertainty for the overall world, states Austrian Airlines CCO Michael Trestl. Our ideas are with all the people affected by the war and our area colleagues, whom we support as most effective we can, says Austrian Airlines COO Francesco Sciortino.


2021 was a further calendar year marked by crisis

In 2021, waves of openings and closures and the emergence of new virus variants brought about another 12 months of crisis in aviation. Austrian Airlines closed the past 12 months with a reduction of EUR -264 million (Adjusted EBIT), a moreover (+17%) in contrast to 2020 (EUR -319 million), but nevertheless a detrimental improvement in contrast to 2019 (Modified EBIT: EUR 19 million). Even if the range of travellers (5. million) seasonally made quite positively previous yr (61%, 2020: 3.1 million), they only accounted for about a third of the amount of travellers compared to 2019 (14.7 million) thanks to various vacation limitations and renewed lockdowns.


Lockdowns, journey limitations and new virus variants are mirrored in our once-a-year results: we have to close 2021 with however one more minus, states Austrian Airlines CCO Michael Trestl and carries on: However, about 500,000 bookings in 14 times are a report since the outbreak of the pandemic and establish that people today want to journey once more. Immediately after yet another yr comprehensive of restructuring actions and adjustments to the new vacation normality, the recent bookings give motive for self esteem in our flight functions. In the earlier two many years we have proven resilience and have flown Austrian Airlines with wonderful flexibility by a disaster complete of turbulence. With each other we can also learn other difficulties! states Austrian Airways COO and Disaster Workforce Chief Francesco Sciortino.


The annual consequence in element

In 2021, income at Austrian Airways elevated by 62 p.c to EUR 743 million (2020: EUR 460 million, 2019: EUR 2,108 million). Total working profits amplified by 15 per cent to EUR 774 million (2020: EUR 672 million, like EUR 150 million crisis support, 2019: EUR 2,181 million). In the exact interval, overall functioning expenses enhanced by 5 % to EUR 1,038 million (2020: EUR 991 million, 2019: EUR 2,164 million). Even with lessen output, the national flag carriers liquidity remains nicely above program. When compared to 2020, adjusted EBIT, which does not consist of valuation gains or losses from aircraft revenue, improved by 17 p.c to EUR -264 million (2020: EUR -319 million, like EUR 150 million in unexpected emergency help, 2019 : 19 million euros).


As of 31 December 2021, Austrian Airways experienced 5,793 workers, which is a minimize of around 650 staff or 10 % in contrast to 2020 and a lessen of around 1,196 workforce or 17 percent in contrast to 2019. The reduction was owing to purely natural attrition, not filling vacant positions and the expiry of confined term work contracts.


Air site visitors in 2021 only little by little made to pre-crisis stages. Final year, Austrian Airways flew all-around a third of the passengers (5. million) of the pre-disaster year 2019 (14.7 million). Having said that, a comparison with the earlier yr (3.1 million) displays a optimistic improvement with an increase of 61 p.c, which is mainly thanks to seasonal upturns. The readily available seat kilometers (11.3 billion) clearly show a related photo with a lower of 60 % in comparison to 2019 (28.5 billion) and an maximize of 59 p.c compared to 2020 (7.1 billion). The seat load variable in 2021 was at 61.9 p.c, consistent to 2020 and 18.9 proportion factors reduce than 2019 (80.8 per cent).


2nd 50 % of 2021 with upward tendencies EUR 60 million of the disaster loan already repaid

Austrian Airlines profits in the 2nd fifty percent of the 12 months accounted for all-around 3 quarters of complete annual profits in 2021. With an modified consequence of EUR 2 million, the nationwide carrier landed in the black in the 3rd quarter of the yr, which was characterized by a sturdy summer months peak. Many thanks to a superior Xmas time, Austrian Airlines earnings elevated by 446 p.c to EUR 251 million in the fourth quarter of 2021 in comparison to the identical quarter of the previous yr (Q4 2020: EUR 46 million). With the personal loan repayments totaling EUR 60 million, Austrian Airways is fulfilling its responsibility to Austrian taxpayers: in 2021, the airline repaid a fifth of the point out-secured bank financial loan of EUR 300 million.


Reserving documents pave the way out of the corona crisis

Soon after the announcement of substantial-scale easings in Europe, Austrian Airways recorded the optimum selection of bookings given that the starting of the corona crisis. About 500,000 flights had been booked within just only 14 days. The bookings mostly concentrated on the personal travel section – a continuing trend from very last calendar year. For that reason, the Austrian nationwide carrier has optimized this years summertime flight routine for tourist journey by rising its provide to European holiday getaway destinations by all over 20 per cent in contrast to 2019. In summer, Austrian Airlines flight software features 110 locations with new additions on equally small and prolonged-haul routes. On top rated of our attractive tourist community, we constantly strengthen our part as a community airline. By resuming flights to Los Angeles, for illustration, we want to fortify our Vienna hub, says CCO Michael Trestl. Nonetheless, the increase in bookings is not confined to the summer season peak. Currently, there is also higher demand for the Easter holidays and spontaneous weekend visits. We remain flexible, vigilant and adhere collectively, the CCO concludes.


Overview of critical specifics and figures 2021
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