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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.

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