airberlin Group revenue rose 2% for the three months ended 31-Mar-2011, but its losses widened.
The group's financial highlights for the quarter were as follows:
- Revenue: EUR751.6 million, +2.0% year-on-year (On a pro forma basis with 1Q2010 results including NIKI, which was consolidated from 3Q2010);
- Operating costs: EUR941.6 million, +11.2%;
- Fuel: EUR195.5 million, +22.2%;
- Airport charges: EUR199.0 million, +5.4%;
- Labour: EUR113.0 million, -0.9%;
- EBITDAR (loss): (EUR25.7 million), compared with a profit of EUR40.2 million in p-c-p;
- EBITDA (loss): (EUR167.3 million), compared with a loss of EUR78.1 million in p-c-p;
- EBIT (loss): (EUR188.3 million), compared with a loss of EUR106.5 million in p-c-p;
- Net profit (loss): (EUR120.6 million), compared with a loss of EUR102.4 million in p-c-p;
- Passenger numbers: 6.9 million, +1.9%;
- Passenger load factor: 72.5%, -2.2 ppts;
- Total revenue per ASK: EUR 5.89 cents, -1.0%;
- Yield: EUR 7.17 cents, -3.1%;
- Total assets: EUR2592 million, +9.4% when compared with the period ended 31-Dec-2010;
- Cash and cash equivalents: EUR411.5 million, +0.1% when compared with the period ended 31-Dec-2010;
- Total liabilities: EUR2216 million, +18.8% when compared with the period ended 31-Dec-2010.
CEO Joachim Hunold said: "Since demand and bookings are showing a positive trend, we continue to anticipate higher revenue and a positive operating result for the 2011 business year, provided that the framework conditions do not further deteriorate. We expect a 4 to 5% increase in the number of passengers and a higher seat load factor."
Selected European daily share price movements (% change): 18-May-2011