Massive airport savings package – noe.ORF.at



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Due to the coronavirus crisis, Schwechat airport (Bruck an der Leitha district) is currently experiencing a 98 percent decrease in passengers, and the workforce is working in the short term. The savings program included more than 20 percent of planned sales for 2020, the company said Friday afternoon.

“As Flughafen Wien AG, we have prepared for the crisis and launched a savings program with around € 220 million, we reduced our investments from around 230 to less than € 100 million and we guarantee loans with banks, so that we can endure until the end of the year, even if the current situation, ie minus 98 percent for passengers, should continue until the end of the year, “said airport director Günther Ofner in an interview with the ORF reporter- NÖ Robert Salzer.

Office Park 4 and Terminal 2 are complete

Certain construction projects planned for 2020 will be postponed, including expansion to the south and renovation of the east pier. However, the airport administration wants to complete Office Park 4 and Terminal 2. A new schedule will not be available until the end of 2020, it said on Friday.

The Annual General Meeting for the fiscal year 2019 is postponed until September 4, 2020. In view of the current commercial development, the board of directors now proposes to take the annual profit and not pay a dividend for 2019. This gives you “total freedom to use state aid programs. “

Shares of the Vienna airport rose significantly on Friday after the savings program was unveiled. More recently, they recorded an upward trend from 6.94 percent to 28.50 euros.

Departure lounge and security gates at Vienna International Airport

APA / HANS PUNZ

Due to the coronavirus crisis, passengers are absent and employees work for a short time

Savings program probably also in 2021

Airport CEO Ofner hopes to be able to at least partially resume flight operations in late summer and fall. “Of course, we have to be prepared for the fact that it will be a long time before we have a full operation again. That means, of course, that an austerity program will need to be established by 2021, ”Ofner said.

The coronavirus crisis “certainly has deeper cuts than previous crises,” the airport board said. However, I still believe that people’s mobility behavior will not fundamentally change in the medium and long term, that globalization will change and adapt, but it will not stop because it benefits everyone. In this regard, I believe that the medium and long-term prospects will improve where we ended in 2019. “

When it comes to the third track, which has been repeatedly questioned recently, you wouldn’t have to make any decisions right now. “If you assume that normalization will happen again, it will be necessary until 2030 or the following years,” Ofner said. “If we know exactly how things will unfold again, we can make a more specific statement on whether and when the project will continue.”

AUA extends short-term job until May 19

Meanwhile, Austrian Airlines (AUA) announced on Friday that it will extend short-term work for 7,000 employees by April 20 for one month until May 19. The move was justified in a communication with world developments around the coronavirus and still valid travel restrictions. There is simply no demand.

The Lufthansa subsidiary is currently working on a reboot. Negotiations for state aid had started Thursday. According to reports, this year alone is around 800 million euros. In parallel to negotiations with the government for state aid, the AUA leadership is also talking to the works council and the union about a savings course, more information on this at wien.ORF.at.

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