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Air Berlin revenue down 3.3%, losses narrow in 1Q2010

20-May-2010 11:24 AM

Air Berlin revenue down 3.3% - financial/traffic highlights for the three months ended 31-Mar-2010:

  • Revenue: EUR690.9 million, -3.3% year-on-year;
  • Operating profit (loss): (EUR98.6 million), compared with a loss of EUR107.6 million in the previous corresponding period;
  • EBITDAR: EUR44.1 million, +46%;
  • Profit (loss) before tax: (EUR125.5 million), compared with a loss of EUR139.0 million in the previous corresponding period;
  • Net profit (loss): (EUR93.6 million), compared with a loss of EUR108.9 million in the previous corresponding period;
  • Passenger numbers: 6.2 million, +2.4%;
  • Load factor: 70.8%, -0.8 ppt;
  • Total revenue per ASK: EUR 8.50 cents, n/a;
  • Revenue per ASK: EUR 6.00 cents, -0.7%. [more]

Air Berlin: "Like other airline companies, Air Berlin has felt the economic consequences of the exceptionally harsh winter. Nevertheless, our company managed to improve earnings. We are currently experiencing an increase in demand for intra-European flights on the network which Air Berlin has expanded via the integration of the TUIfly connections,” Joachim Hunold. Source: Air Berlin, 19-May-2010.