euro adhoc: Austrian Airlines AG / Financial Figures/Balance Sheet / Positive Development in the second quarter despite challenging market environment

--------------------------------------------------------------------------------
Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
--------------------------------------------------------------------------------

28.07.2008

Result forecast for 2008 confirmed

Despite the increasing challenging market environment an
expected positive development of the financial performance was seen
in the second quarter 2008 compared with the first quarter. In
the second quarter of 2008, EBIT totalled EUR 25.5m, up 12.8% from
last year. EBIT was EUR -24.6m in the first half-year, compared to
EUR 10.1m in the previous year due to the negative impact of the
first quarter.

The net profit climbed to EUR 11.7m in the second quarter, up from
EUR 7.7m in the same period of the previous year. This
development partially compensated for first quarter results.
Nevertheless, the net result for the first half-year 2008 totalled
EUR -48.7m, compared to EUR -8.6m in the first six months of 2007.

Flight revenue increased by 3.6% in the second quarter of 2008, to
EUR 642.1m. Total flight revenue was slightly down 1.5% in the
first six months, to EUR 1,142.5m, due to the redimensioning of
the long-haul segment in 2007.

Operating revenue in the second quarter improved by EUR 20.0m, to
EUR 682.8m. The relatively weak performance in the period
January-March led to an overall slight decline in operating
revenue of 1.5% in the first half-year 2008, to EUR 1,226.2m.

Total cash and cash equivalents as at June 30, 2008 were at
EUR 231.4m, disposable securities stood at EUR 93.9m, summing up to
EUR 325.3m. The equity ratio increased to 26.3% as at June 30, 2008
(June 30, 2007: 24.7%). At present the company can confirm the
earlier forecast, and expects a net result for the 2008 financial
year ranging from EUR -70m to EUR -90m.

end of announcement euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: Austrian Airlines
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Corporate Communications:

Livia Dandrea-Böhm

Tel.: 051766-11231

Investor Relations

Dr. Prisca Havranek-Kosicek

Tel.: 051766 - 13311

Branche: Air Transport
ISIN: AT0000620158
WKN: 875224
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market