Berlin After a record loss in 2015 Air Berlin is the beginning of deeper flown into the red. The operating loss (EBIT) widened to 172 million euros, following a loss of 160 million euros in the same period last year, as Germany’s second largest airline announced on Wednesday. The discussion on the controversial Community flights with the partner Etihad and the attacks in Egypt and Turkey have charged the business, explained CEO Stefan Pichler. Turnover shrank by seven percent to 737 million euros.
Only after a long legal dispute, the Lüneburg Higher Administrative Court had in mid-January most of the disputed Community flights with Etihad approved. In the so-called codeshare flights receive Air Berlin connections a flight number of Etihad and vice versa. Air Berlin thus increasing aircraft utilization, while Etihad more destinations can offer the world. Etihad has repeatedly stressed that this is a major reason for entering the German partner. The Arabs keep the airline for years afloat. A financial cushion, Air Berlin has long ceased. End of March showed the airline negative equity of almost one billion euros from
Air Berlin -. Rapid ascent, years of turmoil
- > id = “boxid_9815608_teaserid_9815596″>air Berlin announces 2012 entry into the airline alliance Oneworld on.
Under the stitch Air Berlin was in the first quarter however, the loss decrease slightly, the net loss shrank by 13 percent to 182 million euros. “Essentially, our business developed in the right direction, and we will achieve in 2016 significant improvements in results in particular from the second half,” said Pichler.
With long-haul routes, cost reductions and a focus on corporate customers, he wants the Lufthansa bring rivals back into shape. In the company message management now did not provide any specific earnings forecast for the full year. Pichler had recently found a “significantly better operating result” in view, according to a decrease of 307 million euro in 2015
Airlines charged to the travel weak start quarter mostly losses -. Money is earned as a rule only in the peak summer season , Lufthansa also launched with red numbers to the year, was the operating loss decrease, however, thanks to good shops in the passenger division and lower fuel expenses.
aviation consultant Gerald Wissel to Air Berlin “A further cost reduction is not a strategy”
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