Flight Global - David Kaminski-Morrow

Ryanair Group is warning that it will close the Lauda Airbus A320 base at Vienna at the end of the month if there is no agreement on cost reductions.

It says the Lauda division “underperformed” during the fiscal year to 31 March 2020 as a result of competition from Lufthansa Group, of which Austrian Airlines is a part.

Ryanair Group has not given details of Lauda’s financial result because it says the division does not exceed the quantitative thresholds for reporting...more

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