Loading
19-May-2011 12:56 PM

airberlin Group reports widening losses in 1Q2011

airberlin Group revenue up 2% – financial highlights for the three months ended 31-Mar-2011:

  • Revenue: EUR751.6 million, +2.0% year-on-year*;
  • Operating costs: EUR941.6 million, +11.2%;
    • Fuel: EUR195.5 million, +22.2%;
    • Airport charges: EUR199.0 million, +5.4%;
    • Labour: EUR113.0 million, -0.9%;
  • EBITDAR (loss): (EUR25.7 million), compared with a profit of EUR40.2 million in p-c-p;
  • EBITDA (loss): (EUR167.3 million), compared with a loss of EUR78.1 million in p-c-p;
  • EBIT (loss): (EUR188.3 million), compared with a loss of EUR106.5 million in p-c-p;
  • Net profit (loss): (EUR120.6 million), compared with a loss of EUR102.4 million in p-c-p;
  • Passenger numbers: 6.9 million, +1.9%;
  • Passenger load factor: 72.5%, -2.2 ppts;
  • Total revenue per ASK: EUR 5.89 cents, -1.0%;
  • Yield: EUR 7.17 cents, -3.1%;
  • Total assets: EUR2592 million, +9.4% when compared with the period ended 31-Dec-2010;
  • Cash and cash equivalents: EUR411.5 million, +0.1% when compared with the period ended 31-Dec-2010;
  • Total liabilities: EUR2216 million, +18.8% when compared with the period ended 31-Dec-2010. [more]

* On a pro forma basis with 1Q2010 results including NIKI, which was consolidated from 3Q2010

airberlin: “Since demand and bookings are showing a positive trend, we continue to anticipate higher revenue and a positive operating result for the 2011 business year, provided that the framework conditions do not further deteriorate. We expect a 4 to 5% increase in the number of passengers and a higher seat load factor,” Joachim Hunold, CEO. Source: airberlin, 18-May-2011.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More