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Air Berlin revenue up 4.9% for 2Q2010

27-Aug-2010 1:30 PM

Air Berlin revenue up 4.9% - financial/traffic highlights:

  • Three months ended 30-Jun-2010:
    • Revenue: EUR877.0 million, +4.9% year-on-year;
    • Onboard sales: EUR9.3 million, +3.3%;
    • Ground services & others: EUR70.9 million, +28.4%;
    • Operating costs before leasing and depreciation: EUR765.2 million, +8.3%;
    • Labour: EUR116.7 million, +5.0%;
    • EBITDA (loss): (EUR5.5 million), compared with a profit of EUR44.1 million in p-c-p;
    • EBIT (loss): (EUR28.2 million), compared with a profit of EUR17.6 million in p-c-p;
    • Net profit (loss): (EUR56.9 million), compared with a profit of EUR7.1 million in p-c-p;
    • Passenger numbers: 8.0 million, -3.1%;
    • Passenger load factor: 74.1%, -3.3 ppts;
    • Revenue per ASK: EUR 6.09 cents, -6.5%;
    • Yield: -2.3%;
  • Six months ended 30-Jun-2010:
    • Revenue: EUR1,568 million, +4.7%;
    • Operating costs before leasing and depreciation: EUR1,416 million, +5.3%;
    • Labour: EUR229.8 million, +5.0%;
    • EBITDA (loss): (EUR78.5 million), compared with a loss of EUR16.5 million in p-c-p;
    • EBIT (loss): (EUR126.9 million), compared with a loss of EUR69.7 million in p-c-p;
    • Net profit (loss): (EUR150.5 million), compared with a loss of EUR81.4 million in p-c-p;
    • Passenger numbers: 14.2 million, -0.8%;
    • Passenger load factor: 72.6%, -2.2 ppts;
    • Average sector length: 1,321 km, -3.2%;
    • Revenue per ASK: EUR 6.05 cents, -4.0%;
    • Yield: EUR 7.68 cents, -8.9%;
    • Net operating cash flow: EUR-38.8%;
    • Total assets: EUR2,455 million, +1.8% when compared with period ended 31-Dec-2009;
    • Cash and cash equivalents: EUR394.9 million, +5.8% when compared with period ended 31-Dec-2009. [more]

Air Berlin: “Board of Air Berlin expects the substantial exceptional charges in the first half of the year to be offset by performance in the remainder of the 2010 financial year, provided that business in the second half of the year develops normally and the company remains unaffected by external factors such as those in the first six months. On this basis, it is maintaining its current forecast of EBIT above last year’s level,” Company statement. Source: Air Berlin, 26-Aug-2010.