Source: ATW Daily News Author: Kurt Hofmann 07/11/2008
Subject Concerned: Airlines
Austrian Airlines Group said on Jul. 12 that it will cut overall capacity by 5% for the coming winter season.
Citing high fuel prices and weak demand, AAG said it will close its double-daily Vienna-London City service from Aug. 18.
In the winter, VIE-Chicago O'Hare flights will cease and frequencies from VIE to New York JFK and Mumbai will be reduced.
Its fleet will be lowered by three aircraft in 2009.
It did not announce any layoffs but warned that further cost-cutting actions could become necessary in the future.