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airberlin losses widen despite record revenue and pax in 2011

19-Mar-2012 1:19 PM

airberlin revenue up 10% – financial highlights for 12 months ended 31-Dec-2011:

  • Revenue: EUR4227 million. +9.8% year-on-year;
    • Onboard sales: EUR38.6 million, -1.5%;
  • Total operating costs: EUR4485 million, +14.4%;
    • Fuel: EUR1048 million, +33.1%;
    • Labour: EUR475.4 million, +0.3%;
  • EBIT (loss): (EUR247.0 million), compared to a loss of EUR16.7 million in p-c-p;
  • Net profit (loss): (EUR271.8 million), compared to a loss of EUR106.3 million in p-c-p;
  • Total assets: EUR2264 million, -4.5%;
  • Cash and cash equivalents: EUR-41.7%;
  • Total liabilities: EUR2010 million, +7.8%;
  • Passenger numbers: 35.3 million, +1.2%;
  • Load factor: 78.2%, +1.8 ppt;
  • Revenue per ASK: EUR 6.80 cents, +7.8%;
  • Cost per ASK: EUR 7.21 cents, +12.3%;
  • Cost per ASK excl fuel: EUR 5.53 cents, +8.8%;
  • 2012 forecast:
    • Capacity:
    • Seats: -5%;
    • ASKs: -1.5%;
      • Long-haul: +6%;
      • Medium-haul: -3%;
      • Short-haul: -7%;
    • Load factor: +2 ppts;
    • Revenue per ASK: +6.5%;
    • Total costs: -1%;
    • Cost per ASK: stable;
    • Aircraft: From 170 aircraft to 152 aircraft. [more – original PR]

airberlin: “We expect to achieve an operational improved result of more than 200 million Euros this year alone. Performance in all areas is visibly improving; we have ridden out the bottoming out process,” Hartmut Mehdorn, CEO. Source: Company statement, 16-Mar-2012.