• austriantimes.at
• croatiantimes.com
• romaniantimes.at
• viennatimes.at

Today

• Vienna - Johnny\'s Pub Quiz
• Vienna - Childrens Fun
• Vienna - Childrens Fun
• Vienna - Palais Lichtenstein

© europics.at

24. 05. 12. - 16:00

• more Business news
• RSS Feed Business

24. 05. 12. - 16:00

FW turnover takes off

Austria’s biggest airport has managed to increase its profit.

Flughafen Wien AG (FW), which manages Vienna International Airport (VIA or VIE) announced yesterday (Weds) that it raked in 21.6 million Euros in the first three months of this year. The company said this was an increase of 9.1 per cent compared to the same period in 2011. FW added that turnover improved by 5.7 per cent to 139 million Euros.

These developments led to a correction concerning the expected number of passengers. FW officials said VIA had chances to welcome one to four per cent more customers this year than in 2012. The firm, which is quoted on the Vienna Stock Exchange (WBAG), initially expected passenger figures to remain stable.

VIA registered a record number of 21.1 million passengers in 2011, up by more than seven per cent compared to the previous year. The aerodrome situated southeast of capital Vienna is economically significantly stronger than the country’s other airports. Salzburg Airport W. A. Mozart (SZG) was Austria’s second-busiest airdrome with 1.7 million passengers last year, 4.6 per cent more than in 2010. Innsbruck Kranebitten Airport (INN) came third (997,000 passengers), with Graz Airport (GRZ) in fourth (976,000).

FW bosses plan to refurbish or reconstruct VIA’s three terminals in the coming years to increase the quality of services provided to passengers. Another project the firm is concentrating on is the creation of a 10,000-square metre shopping centre. The mall will be built in the direct vicinity to VIA, according to FW. The firm did not disclose an exact opening date. FW chiefs said the whole region could benefit from the construction of a shopping centre. They said that a new hotel could be built near VIA in the foreseeable future as well.

FW co-chief Günther Ofner recently said VIA might be able to cope with 28 million to 30 million passengers in a few years’ time thanks to new terminal Skylink. The terminal will be officially opened in June. Its facilities have been tested in a string of pilot projects in the past months. Skylink’s opening was scheduled for spring 2008 – in time for the European Football Championship. The tournament was organised by Austria and Switzerland.

The opening was rescheduled several times before building activities were stopped to allow the Federal Audit Office (RH) to check construction companies’ books. RH experts and state prosecutors are still investigating claims that assigned enterprises charged FW for activities that had never been carried out.

Meanwhile, airline chiefs have expressed hopes for a reduction of the ticket tax. The Austrian government charges each sold ticket with eight to 35 Euros depending on flights’ destinations since April 2011. FlyNiki head Christian Lesjak said the taxation scheme could cost his company 20 million Euros this year. Austrian Airlines (AUA) officials and the executive board of Lufthansa, which owns AUA, attacked the government coalition of Social Democrats (SPÖ) and People’s Party (ÖVP) over its decision to introduce the tax as well.

Austrian Times

Related articles: Vienna focus

1. Salzburg among highest in property price rise

   » Business 2012-05-31

   A real estate expert has expressed concerns about property prices in Austria.

2. Austrian skiers create overnight stay record

   » Business 2012-05-29

   The number of winter season overnight stays by Austrians has reached a new record.

3. FW turnover takes off

   » Business 2012-05-24

   Austria’s biggest airport has managed to increase its profit.

4. Vassilakou ensnares Pirates

   » General News 2012-05-02

   Vienna Greens Vice Mayor Maria Vassilakou has appealed on the Austrian Pirate Party (PPÖ) to consider a partnership.

5. SPÖ's big guns trained on Strache

   » General News 2012-05-02

   Vienna Mayor Michael Häupl has warned from a coalition between the People’s Party (ÖVP) and the Freedom Party (FPÖ).

6. Makeover for VIA terminals

   » Business 2012-04-25

   The terminals of Vienna International Airport (VIA or VIE) will be renovated or rebuilt, according to Flughafen Wien AG (FW).

7. Widespread scepticism about Greens' new cycling project

   » General News 2012-04-06

   A heated debate has erupted following a radical traffic reform idea by the Viennese Greens.

8. Gunkl tour starts

   » Panorama 2012-04-05

   Gunkl – one of Austria’s most gifted stage entertainers – is performing a new programme.

9. Fuel price hikes make public transport more popular

   » General News 2012-04-04

   More and more people are using means of public transport as car fuel prices hit a new high.

10. Davutoglu praises integration

    » General News 2012-03-23

    Turkish Foreign Minister Ahmet Davutoglu has visited a school in Vienna.

Related articles: EU

1. Austrian skiers create overnight stay record

   » Business 2012-05-29

   The number of winter season overnight stays by Austrians has reached a new record.

2. IV demands focus on industry in crisis

   » Business 2012-05-24

   The general secretary of the Federation of Austrian Industries (IV) has appealed on Europe’s political leaders to strengthen the continent’s industry.

3. FW turnover takes off

   » Business 2012-05-24

   Austria’s biggest airport has managed to increase its profit.

4. Rebel priest deplores Church's 'leadership crisis'

   » General News 2012-05-22

   A Catholic preacher who established a group of "disobedient" priests reacted coolly to Viennese Archbishop Christoph Cardinal Schönborn’s warnings.

5. Petrol traders plan legal action

   » Business 2012-05-17

   The domestic mineral oil industry plans to sue the government about plans to set up a tool regulating fuel prices.

6. Lauda disapproves cutbacks

   » Business 2012-05-15

   Niki Lauda has warned from making savings at FlyNiki to the expense of customers.

7. Internet increasingly attractive to holidaymakers

   » Business 2012-05-15

   The number of Austrians opting for online solutions when it comes to booking a holiday is soaring.

8. Vassilakou ensnares Pirates

   » General News 2012-05-02

   Vienna Greens Vice Mayor Maria Vassilakou has appealed on the Austrian Pirate Party (PPÖ) to consider a partnership.

9. Strabag turnover soars thanks to EE

   » Business 2012-05-01

   Two of Austria’s leading construction companies had good and bad news for shareholders in the past few days.

10. ÖBB ticket prices could climb

    » Business 2012-04-27

    Federal Railways (ÖBB) tickets could be more expensive later this year.

Related articles: CEE news

1. Austrian skiers create overnight stay record

   » Business 2012-05-29

   The number of winter season overnight stays by Austrians has reached a new record.

2. FW turnover takes off

   » Business 2012-05-24

   Austria’s biggest airport has managed to increase its profit.

3. Petrol traders plan legal action

   » Business 2012-05-17

   The domestic mineral oil industry plans to sue the government about plans to set up a tool regulating fuel prices.

4. Lauda disapproves cutbacks

   » Business 2012-05-15

   Niki Lauda has warned from making savings at FlyNiki to the expense of customers.

5. Strabag turnover soars thanks to EE

   » Business 2012-05-01

   Two of Austria’s leading construction companies had good and bad news for shareholders in the past few days.

6. ÖBB ticket prices could climb

   » Business 2012-04-27

   Federal Railways (ÖBB) tickets could be more expensive later this year.

7. Makeover for VIA terminals

   » Business 2012-04-25

   The terminals of Vienna International Airport (VIA or VIE) will be renovated or rebuilt, according to Flughafen Wien AG (FW).

8. DM Austria set to spend €70mn

   » Business 2012-04-20

   DM Austria plans investments of 70 million Euros.

9. Franz warns AUA

   » Business 2012-04-19

   Lufthansa CEO Christoph Franz has made clear that affiliate Austria Airlines (AUA) has to cut its expenses.

10. ÖBB awaits €33bn

    » Business 2012-04-19

    The Austrian government coalition has decided to inject more than 30 billion Euros into Federal Railways (ÖBB).

Related articles: business boom

1. Austrian skiers create overnight stay record

   » Business 2012-05-29

   The number of winter season overnight stays by Austrians has reached a new record.

2. IV demands focus on industry in crisis

   » Business 2012-05-24

   The general secretary of the Federation of Austrian Industries (IV) has appealed on Europe’s political leaders to strengthen the continent’s industry.

3. FW turnover takes off

   » Business 2012-05-24

   Austria’s biggest airport has managed to increase its profit.

4. Internet increasingly attractive to holidaymakers

   » Business 2012-05-15

   The number of Austrians opting for online solutions when it comes to booking a holiday is soaring.

5. Strabag turnover soars thanks to EE

   » Business 2012-05-01

   Two of Austria’s leading construction companies had good and bad news for shareholders in the past few days.

6. Makeover for VIA terminals

   » Business 2012-04-25

   The terminals of Vienna International Airport (VIA or VIE) will be renovated or rebuilt, according to Flughafen Wien AG (FW).

7. DM Austria set to spend €70mn

   » Business 2012-04-20

   DM Austria plans investments of 70 million Euros.

8. Fuel price hikes boost ÖBB passenger figures

   » Business 2012-04-17

   Federal Railways (ÖBB) is benefiting from rising fuel prices, according to CEO Christian Kern.

9. Austrians buy more cars

   » Business 2012-04-12

   The number of car registrations is climbing.

10. Car fuel prices rise further

    » Business 2012-04-11

    The price for petrol keeps increasing, new figures show.

Related articles: AUA

1. FW turnover takes off

   » Business 2012-05-24

   Austria’s biggest airport has managed to increase its profit.

2. Lauda disapproves cutbacks

   » Business 2012-05-15

   Niki Lauda has warned from making savings at FlyNiki to the expense of customers.

3. Makeover for VIA terminals

   » Business 2012-04-25

   The terminals of Vienna International Airport (VIA or VIE) will be renovated or rebuilt, according to Flughafen Wien AG (FW).

4. Franz warns AUA

   » Business 2012-04-19

   Lufthansa CEO Christoph Franz has made clear that affiliate Austria Airlines (AUA) has to cut its expenses.

5. Tyrolean Airways staff angered by ÖGB

   » Business 2012-03-28

   The Federal Trade Union (ÖGB) has been accused of "betrayal".

6. VIA mall planned

   » Business 2012-03-22

   Vienna International Airport (VIA or VIE) bosses have spoken about their intention to build a shopping centre.

7. No special Emirates deal for AUA pilots

   » Business 2012-03-21

   Emirates manager Thierry Antinori has encouraged dissatisfied Austrian Airlines (AUA) pilots to apply.

8. AUA conflict continues as Feitl attacks ÖIAG

   » Business 2012-03-14

   The future of Austrian Airlines (AUA) remains uncertain as negotiations between the firm’s board, Lufthansa managers and works council chiefs have been postponed.

9. Bierwirth to depart, papers claim

   » Business 2012-03-02

   Andreas Bierwirth is about to leave the executive board of Austrian Airlines (AUA), according to reports.

10. New AUA boss warns rivals

    » Business 2011-09-23

    The new Austrian Airlines (AUA) board chief has revealed plans to "create new alliances".

Police raid dairy headquarters
A raid in the second largest Austrian dairy NÖM, which started on 15 May, was terminated yesterday (Thur) afternoon. Employees of the Federal Competition Authority (BWB) are still in the headquarters in Baden.

Austrian on trial over Aldi blackmail
The trial of a 61-year-old man from Salzburg, who blackmailed the company Aldi South, started yesterday (Wed) in Duisburg, Germany. The defendant has already admitted that he demanded 15 million Euros from the firm.

State secretary denies interfering over Baumgartner taxes
The extreme sportsman Felix Baumgartner stated that the Ministry of Finance spared him additional taxation by political intervention. The former Financial Secretary Reinhold Lopatka (ÖVP) denies these claims.

Search for trapped after Felbertauern rockfall
The Felbertauern road in Tyrol, Western Austria, has been closed completely after rock fall last night (Mon). Rock came down on the East Tyrol side just before 2 a.m. It completely destroyed an avalanche gallery.

Delunamagma creditors to lose most of their investment
The creditors of the technology firm Delunamagma Industries GmbH from Bludesch-Gais, Vorarlberg (Western Austria) will lose the majority of their money in the bankruptcy proceedings.

SPÖ Salzburg votes for new party leader
The current health and social state councillor Walter Steidl has been elected the new head of the Social democratic party of Salzburg yesterday (Mon).

SPÖ see devastating loss after weekend election
The SPÖ lost a huge amoung of votes in the Salzburg state election yesterday (Sun). The party of Governor Gabi Burgstaller only achieved 23.81%, which is a loss of 15.58% compared to 2009. Even though the ÖVP lost more than seven percent, they came first. The Green Party is a winner of this election.

VAT fraudster arrested in Germany
The police of Flachgau, state of Salzburg, arrested a presumed fraudster from Germany. The 35-year-old is suspected of having committed tax evasion as the head of a European-wide operating union.

Finance scandal reason for early election
The financial scandal in Salzburg has been hotly debated since last December. Many people lost their trust in the government and this has led to early elections on 5 May.

TV show reveals the dark side to energy drink Red Bull
A documentary of the "Erstes Deutsches Fernsehen" (ARD), which was shown on TV on Monday night, deals with the dark side of the company Red Bull. It is about risky spectacles with a deadly end.