16-May-2012 2:12 PM
Air Berlin remains in the red in 1Q2012
Air Berlin revenue up 4% - financial highlights for three months ended 31-Mar-2012:
- Revenue: EUR812.9 million, +4.0% year-on-year;
- Inflight sales: EUR7.0 million, -8.0%;
- Operating costs: EUR986.0 million, +1.5%;
- Fuel: EUR230.7 million, +18.0%;
- Airport fees: EUR179.7 million, -9.7%;
- EBIT (loss): (EUR149.3 million), compared to a loss of EUR188.3 million in p-c-p;
- Net profit (loss): (EUR102.9 million), compared to a loss of EUR120.6 million in p-c-p;
- Passenger numbers: 6.5 million, -5.3%;
- Load factor: 76.4%, +3.8 ppts;
- Revenue per passenger: EUR124.85, +9.8%;
- Revenue per ASK: EUR 6.46 cents, +5.4%;
- Cost per ASK: EUR 6.61 cents, +4.3%;
- Yield: EUR 7.88 cents, +5.6%;
- Total assets: EUR2511 million, +10.9% when compared to period ended 31-Dec-2011;
- Cash and cash equivalents: EUR387.0 million, +61.5% when compared to period ended 31-Dec-2011;
- Total liabilities: EUR2301 million, +14.5% when compared to period ended 31-Dec-2011. [more - original PR]
Air Berlin: "Although it's too early to celebrate, we can clearly see our "Shape & Size" programme beginning to produce results - we're starting to step up our efficiency and reap the benefit of lower costs ahead of our competition. And as a result, nearly all the indicators of significance for our business are pointing in the right direction," Hartmut Mehdorn, CEO. Source: Company statement, 15-May-2012.