25-Aug-2009 12:00 PM
Air Berlin shares gain on 2Q2009 profitability; Allegiant revises 2H2009 capacity
Analysis
Air Berlin's shares gained 1.8% yesterday, as the carrier reported a better-than-expected operating profit in 2Q2009. The carrier reported net profit of EUR7 million in the quarter (-9% year-on-year), with EBITDAR and EBIT levels up by 2.5% and 33.3%, respectively, to EUR135 million and EUR18 million. The carrier is scheduled to release its full financial results later today.
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