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Air Berlin Group narrows losses in a challenging 1H08


Air Berlin Group’s (including LTU and Belair) EBIT loss narrowed from EUR66.3 million to EUR53.9 million in the six months ended 30-Jun-08 (1H08), resulting in an improved EBIT margin from -4.6% to -3.5%, despite the significant rise in fuel prices during the period. The carrier held cash and cash equivalents of EUR306.4 million at the end of the period. [2531 words]

Unlock the following content in this report:


  • Significant domestic operations growth and load factors up
  • Improved net profits in 2Q08 
  • Benefiting from having one of the most extensive fuel hedging programmes in Europe
  • Focus on optimisation measures in 2008 
  • Launches ‘Jump’ programme: improvement potential of more than EUR150 million for FY08
  • Capacity and fleet reductions planned
  • Outlook: Prospects for 2H08 affected by tough business environment; but aiming to reduce the impact with optimisation programme

Graphs and data:

  • Air Berlin (including subsidiaries, LTU and Belair) financial highlights: six months ended 30-Jun-08
  • Operating performance by business unit: 1H07 vs 1H08
  • Air Berlin (including subsidiaries LTU and Belair) financial highlights: three months ended 30-Jun-08
  • Air Berlin passenger numbers and load factors: 2007 vs 2008
  • Air Berlin cost per ASK including fuel: 1H07 and 1H08
  • Select European carriers' hedging programmes
  • Fuel price outlook: as at 01-Sep-08
  • Revenue from business travellers (EUR million)
  • Air Berlin key events: Apr-08 to Jul-08
  • ‘Jump' programme six-module focus for current financial year
  • Air Berlin efficiency programme: Winter 2008
  • Air Berlin fleet: 30-Jun-08
  • Air Berlin aircraft order book: as at 30-Jun-08
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