Sunday, September 15, 2024 Austrian Airlines (AUA) faced a turning point in September 2009 when the Austrian government sold its national carrier to Lufthansa , driven by the financial pressures of the 2008 global financial crisis . Years of losses had taken their toll on AUA, making the sale a strategic move to stabilize the airline. Under Lufthansa’s ownership , AUA found its footing and achieved a more secure financial position.
From 2013 until the disruption caused by the COVID-19 pandemic , the airline consistently posted positive operating profits, marking a period of recovery and growth. However, the pandemic temporarily halted its profitability streak, forcing the airline to adapt. AUA has since embarked on a significant restructuring of its operations.
The airline streamlined its fleet, retiring older planes and reducing its route network to focus on more profitable destinations. A critical component of this overhaul is the ongoing replacement of its aging Boeing 777 and 767 widebody aircraft , which have an average age of 25 years . The new Boeing 787-9 Dreamliners are being phased in as part of a modernisation program scheduled to continue through 2028 , aimed at boosting fuel efficiency and reducing operational costs.
In addition, AUA’s narrowbody Airbus A320 family fleet , with an average age of 19 years , will soon need replacement to maintain competitiveness and meet environmental goals. This next fleet update is likely to be a priority on the airline’s i.