In the first half of 2009, the Austrian Airlines Group posted a net result of minus 166.6 million Euro, including non-cash impairment losses of 74.3 million Euro resulting from the valuation of aircraft. The adjusted resulting from operating activities (EBIT) amounted to minus 88.4 million Euro, with the second quarter EBIT of minus 18.1 million Euro perceptibly better than the first quarter, at minus 70.3 million Euro. Following a negative cash flow of minus 13.8 million Euro in the first quarter 2009, Austrian Airlines succeeded in generating a positive cash flow of 35.0 million Euro in the second quarter of 2009. On balance, the cash flow from operating activities for the first half-year was 21.2 million Euro. As at the balance sheet date of June 30, 2009, the liquidity of the Austrian Airlines Group totaled about 180 million Euro (consisting of 84.1 million Euro cash and cash equivalents and 95.5 million Euro disposable securities).
Australian sustainable aviation fuel industry receives massive boost with major investment
March 31, 2023
The Australian sustainable aviation fuel (SAF) industry has received a massive boost with a major joint investment. A Queensland biofuel refinery being jointly developed by Jet Zero Australia and LanzaJet is to receive investment from Qantas Group, Airbus, and the Queensland Government. The refinery is looking to produce SAF from agricultural by-products, including sugar cane.
