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Air Berlin Group reports improvements on both the revenue and cost sides in Jul-08

12-Aug-2008

Air Berlin reported improvements on both the revenue and cost sides in Jul-08. Revenue per available seat kilometer (ASK) increased +14.7% to EUR5.86 cents while Air Berlin CEO, Joachim Hunold, stated the airline's cost reduction programme is starting to show results in the areas of bookings, capacity and passenger yield, which have now improved from 2007 levels. [768 words]

Unlock the following content in this report:

Subheadings:

  • Identifies EUR150 million in potential cost savings in 2008/09
  • But "subdued" prospects for passenger volume growth in 2H08 - subsidies a solution
  • Fleet cuts may be greater than previously planned

Graphs and data:

  • Air Berlin aircraft order book: as at 31-Mar-08
  • Air Berlin efficiency programme: Winter 2008
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