- Passenger numbers: 3.3 million -5.0% year-on-year;
- Passenger load factor: 79%, -1.0 ppts;
- airberlin: 78.9%, -1.4 ppts;
- Niki: 79.9%, +1.9 ppts;
- Seat capacity: 4.2 million, -3.8%;
- airberlin: 3.7 million, -5.5%;
- Niki: 521,477, +10.1%. [more – original PR]
Air Berlin Group passenger numbers down 5% in Jun-2012, load factor weaker
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airberlin must aim for a profit in 2016 after eighth straight operating loss in 2015 and 1Q2016 loss
Airberlin was the only listed European airline to record an operating loss in 2015. Moreover, both its operating loss and its net loss were wider than in 2014. Its 1Q2016 losses show little sign of progress, although they represent the seasonally weakest quarter and airberlin expects an improvement for FY2016.
Airberlin's restructuring programme led to network adjustments and capacity reduction in 2015. Helped also by new fare classes and other commercial developments, this drove an increase in load factor and unit revenue. However, its unit cost rose more rapidly than its unit revenue in 2015. After seeing both measures fall in 2014 (with CASK falling more quickly), this marked a return to the trend of several years - one that has left it mired in eight straight years of operating losses.
Since the end of 2015 when airberlin's cash balance was at a new low it has secured fresh debt funding, thanks in no small measure to its largest shareholder, Etihad. In 2016 further fuel cost benefits and expected yield growth may just provide the conditions for airberlin to return to profit. Although airberlin has not yet given a target for the year, achieving this should be a minimum goal.
Airberlin: airline's latest, more radical, restructuring gets help from TUIFly and Lufthansa
Airberlin's operations are to be split into three. First, there will be a core network airline with hubs in Berlin and Duesseldorf, deploying approximately half the current Air Berlin Group fleet. Second, there are plans for a new leisure airline, combining part of airberlin's fleet with TUIFly. Third, a significant part of airberlin's fleet will be wet-leased to the Lufthansa Group.
As a result of these moves the operating fleet of the core airberlin network airline will slip from second to third in Germany and risks becoming subscale. Eurowings will rise from third to second, and the expanded new TUIFly will go from fifth to fourth (overtaking Thomas Cook Group's Condor).
For several years airberlin has been unable to break the cycle of losses and successive restructuring initiatives, in spite of repeated bailouts from airberlin's 29% shareholder Etihad. A number of details are still to be clarified. These include the detailed route networks for the different operators, the network airline's strategy for feed, and the balance of charter versus scheduled flights in the new leisure airline. However, for now and with help from competitors and Etihad, airberlin looks to have ensured at least some kind of future.