05-Jun-2009 2:25 PM
Air Berlin executing operating plan well amid downturn
Analysis
Air Berlin has continued to perform well amid the European economic slump, trimming low yielding capacity and benefiting from its acquisition spree of recent years. Revenue per ASK is holding up well, rising 9.3% last month - down on the 20%+ increases as recently as Jan-2009, but a creditable performance nonetheless. Load factors fell 3.8 ppts last month to 77.1%, as passenger numbers dipped 7.7% to 2.5 million.
The carrier has also announced a capital raising to be completed on or by 09-Jun-2009. For daily updates on Air Berlin's strategy and operations, see Europe Airline Daily.
Air Berlin revenue per ASK growth (% change year-on-year): May-08 to May-09
