Air Berlin reports EUR75 million net loss in 2008
Air Berlin reported a worsening in net losses to EUR75.0 million in 2008, despite the benefits derived from its “Jump” cost optimisation programme. During the 12 month period, the airline reported a 34.1% year-on-year increase in revenue to EUR3.4 billion, after strong 3Q08 revenue results in which its reported its first quarterly revenue in excess of EUR1 billion (at EUR1.1 billion, a 23.8% year-on-year increase). Air Berlin's EBITDAR in 2008, meanwhile, improved 25.8% year-on-year to EUR476.8 million, while its EBIT result was down 33.6% to EUR14.2 million.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.