Air Berlin to restructure after disappointing result; CEO resigns
Air Berlin, Germany's second-largest airline group and oneworld member elect, announced it would cut capacity and fleet as part of a restructure following a widening in operating losses in the second quarter amid a sharp rise in fuel costs, the impact of Germany's new travel tax and disruptions in key North African markets. Long-time CEO Joachim Hunold will resign. The company faces a gloomy outlook for the second half, warning it may fail to finish the year with a profit at the operating level.
Read More
This CAPA Analysis Report is 1,822 words.
You must log in to read the rest of this article.
Got an account? Log In
Create a CAPA Account
Get a taste of our expert analysis and research publications by signing up to CAPA Content Lite for free, or unlock full access with CAPA Membership.
| Inclusions | Content Lite User | CAPA Member |
|---|---|---|
| News | ||
| Non-Premium Analysis | ||
| Premium Analysis | ||
| Data Centre | ||
| Selected Research Publications |