Air Berlin reports operating loss in 2010, revenue falls short of expectations

Air Berlin reported (17-Mar-2011) a 14.8% year-on-year increase in revenue to EUR3720 million in a preliminary results release for the 12 months ended 31-Dec-2010, which was short of its expectations. The carrier also reported an operating loss of EUR9.3 million, compared to a profit of EUR28.5 million in the previous corresponding period. Net losses widened from EUR9.5 million to EUR97.2 million. Air Berlin is scheduled to release its full financial report for 2010 on 24-Mar-2011. [more]