|
Aviation News Item: 00066
20th Nov 2009
Air Berlin increases profit
Source: evaint.com
In the third quarter of 2009, Air Berlin PLC increased its net profit to EUR 95.2 million, i.e. an increase of 111 per cent over the previous year's quarter.
Despite a challenging economic environment, operating profit improved by 33.5 per cent to EUR 118 million. Revenue decreased by 8.2 per cent to EUR 974 million, due to targeted capacity adjustments based on lower demand.
The "Jump" efficiency improvement programme introduced in 2008 and consistently adhered to in 2009 contributed significantly to the good results obtained in the third quarter. Although the number of passengers transported decreased slightly to 8.3 million (-4.1 per cent) as a result of the financial and economic crisis, Air Berlin's capacity adjustments enabled the company to counter the effects of this decrease and show a good performance.
This is all the more remarkable in that the third quarter results were burdened by three days of strike. Furthermore, the bomb attack on the island of Majorca in July and the discussion surrounding the swine flu temporarily dampened demand for this destination.
More Aviation News...
|
