Air Berlin reports EUR29m operating loss in 2Q2012

Air Berlin revenue up 2% - financial highlights:

• Three months ended 30-Jun-2012:
  • Revenue: EUR1135 million, +1.7% year-on-year;
    • Inflight sales: EUR8.6 million, -16.5%;
  • Operating costs: EUR1180 million, +2.5%;
    • Fuel: EUR305.7 million, +10.3%;
    • Labour: EUR123.1 million, +4.4%;
  • Operating profit (loss): (EUR29.4 million), compared to a loss of EUR32.2 million in p-c-p;
  • Net profit (loss): (EUR66.2 million), compared to a loss of EUR43.9 million in p-c-p;
  • Passenger numbers: 9.0 million, -5.3%;
  • Passenger load factor: 77.8%, +0.5 ppt;
  • Yield per passenger: EUR112.84, +7.5%;
  • Revenue per ASK: EUR 6.87 cents, +2.1%;
  • Yield per RPK: EUR 8.79 cents, +7.5%;
• Six months ended 30-Jun-2012:
  • Revenue: EUR1948 million, +2.7%;
    • Inflight sales: EUR15.7 million, -12.3%;
  • Operating costs: EUR2166 million, 2123
    • Fuel: EUR536.4 million, +13.5%;
    • Labour: EUR242.8 million, +5.1%;
  • Operating profit (loss): (EUR178.7 million), compared to a loss of EUR220.5 million in p-c-p;
  • Net profit (loss): (EUR169.2 million), compared to a loss of EUR164.5 million in p-c-p;
  • Passenger numbers: 15.6 million, -5.3%;
  • Passenger load factor: 77.2%, +1.9 ppt;
  • Yield per passenger: EUR111.53, +8.7%;
  • Revenue per ASK: EUR 6.70 cents, +3.6%;
  • Yield per RPK: EUR 8.39 cents, +6.6%;
  • Total assets: EUR2528 million, +11.7% when compared to period ended 31-Dec-2011;
  • Cash and cash equivalents: EUR314.8 million, +31.4% when compared to period ended 31-Dec-2011;
  • Total liabilities: EUR2427 million, +20.7% when compared to period ended 31-Dec-2011. [more - original PR]

Air Berlin: "The fleet utilisation continued to improve. In the first seven months, it rose 1.5 ppt to 78.35%. Hence, airberlin experienced an almost continuous increase in the utilisation rate since the beginning of the year. Given the capacity reduction of 7.6% and simultaneously increasing revenues, yield per passenger also continued to improve by 8.7% in the first half of 2012. Hence, yield per passenger has continuously improved for one year. Airberlin expects to continue this positive trend throughout the current year." Source: Company statement, 14-Aug-2012.