19-Mar-2010 3:05 PM
Air Berlin’s net loss narrows in 2009; Reduces B787 orders as part of efforts to gain higher earning
Analysis
Air Berlin narrowed its net loss to EUR9.5 million in 2009, a considerable improvement from a EUR83.5 million net loss in 2008, as it reduced operating expenses by 6.2% (as a result of the carrier's efficiency programme), exceeding the 4.4% revenue reduction in the period.
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