25-Mar-2011 1:47 PM

Air Berlin reports losses in 2010

Air Berlin revenue up 15% - financial highlights for the 12 months ended 31-Dec-2010:

  • Revenue: EUR3724 million, +14.9% year-on-year;
    • Ancillary: EUR316.1 million, -1.6%;
  • Total operating costs: EUR3787 million, +16.6%;
    • Fuel: EUR787.4 million, -4.5%;
    • Labour: EUR471.8 million, +7.1%;
  • EBIT (loss): (EUR9.3 million), compared with a loss of EUR28.5 million in p-c-p;
  • Net profit (loss): (EUR97.2 million), compared with a loss of EUR9.5 million in p-c-p;
  • Total assets: EUR2370 million, -1.7%;
  • Cash and cash equivalents: EUR411.1 million, +10.1%;
  • Total liabilities: EUR1865 million, +3.5%;
  • Passenger numbers: 33.6 million, +3.8%;
  • Load factor: 76.8%, -0.7 ppt;
  • Flight revenue per passenger: EUR101.4,, -2.4%;
  • Revenue per ASK: EUR6.33 cents, -2.6%;
  • Cost per ASK: EUR 5.36 cents, -1.9%;
  • Cost per ASK excl fuel: EUR 4.03 cents, -0.7%. [more]

Air Berlin: “As a result, we expect an increase of 4 to 5% in the number of our passengers and a simultaneous increase in the seat load factor. Therefore we anticipate today that revenue can be increased and that, if the above-mentioned risks are overcome, a positive result (EBIT) can be generated. However, due to the above-mentioned influencing factors, a meaningful quantification is not currently possible,” Company statement. Source: Air Berlin, 24-Mar-2011.