18-Nov-2011 1:28 PM
airBerlin Group operating profit down 44%, expects EBIT loss in full year
airBerlin Group revenue up 11% - financial highlights for three months ended 30-Sep-2011:
- Revenue: EUR1375 million, +10.8% year-on-year;
- In-flight sales: EUR11.8 million, -2.2%;
- Operating costs: EUR1280 million, +16.8%;
- Fuel: EUR320.9 million, +33.4%;
- Operating profit: EUR96.8 million, -43.6%;
- Net profit: EUR30.2 million, -77.8%;
- Passenger numbers: 11.3 million, +1.6% year-on-year;
- Passenger load factor: 84.1%, +1.7 ppt;
- Total revenue per ASK: EUR 7.41 cents, +8.1%;
- Operating cost per ASK*: EUR 3.96 cents, +4.9%;
- Total cost per ASK*: EUR 5.97 cents, +17.2%;
- Total assets: EUR2558 million, +7.9% when compared to period ended 31-Dec-2010;
- Cash and cash equivalents: EUR416.5 million, +1.3% when compared to period ended 31-Dec-2010;
- Total liabilities: EUR2190 million, +17.4% when compared to period ended 31-Dec-2010. [more - original PR]
*At EBITDAR level
Air Berlin: "Although total revenues are expected to exceed the previous year's level, airberlin will not be able to return to positive EBIT figures in the current financial year. In light of the current volatile economic development, a further statement with respect to airberlin's performance in 2011 is currently difficult to make. Even though "Shape & Size" may cause additional restructuring costs in 2011, earnings next year will benefit from the implementation of the programme." Company statement. Source: Air Berlin, 17-Nov-2011.