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Austrian Airlines expects company to be 20% smaller in 2022, says CEO

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Austrian Airlines expects its business to end up a fifth smaller by 2022 and to have cut the number of its employees by around 1,100 from 7,000 currently, the head of the Deutsche Lufthansa subsidiary told a newspaper.

Austria has agreed a 450 million euro bailout for the group that will protect Vienna as a transit hub and safeguard “the bulk” of the flag carrier’s jobs, the government said on Monday.

“We are planning two years of short-time work, there can be no layoffs for that long, and we assume that we will achieve a large part of the reduction by 2022 through fluctuation,” he said in the interview released at the weekend.

 

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