Air Berlin Reports Earnings Results for the Year 2014; Provides Earnings Guidance for the Year 2015
Mar 27 15
Air Berlin reported earnings results for the year 2014. For the year, the net loss expanded to between EUR 361.7 million and EUR 386.7 million, driven by high restructuring costs. In 2013, the net loss was EUR 315.5 million. Loss before interest and tax stands at between EUR 278.8 million to EUR 303.8 million. In 2013, the operating loss stood at EUR 231.9 million. Revenues inched up 0.3% to EUR 4.16 billion.
The carrier said is expects the measures to lead to significantly improved results for the current 2015 fiscal year that will lay the groundwork for the targeted return to profitability in 2016.
Air Berlin plc Provides Provides Earnings Guidance for the Year 2014; Announces Operating Results for the Year 2014
Mar 27 15
Air Berlin PLC provided provides earnings guidance for the year 2014 and 2015. The company's preliminary operating result (EBIT) stands at EUR 278.8 million to EUR 303.8 million in the 2014 fiscal year (2013: EUR 231.9 million). Total revenue for 2014 is EUR 4.16 billion (2013: EUR 4.15 billion) an increase of 0.3% from the previous year. The preliminary net income in fiscal 2014 was EUR 361.7 to EUR 386.7 million (2013: EUR 315.5 million).
In 2014, the number of flights increased by 2.1% and available seat kilometres (ASK) were up 3.1%. At 83.5%, the capacity utilisation fell slightly below the previous year's capacity utilisation of 84.8%. The total revenue per available seat kilometre (RASK) was 7.05 cents (previous year: 7.24 cents).
airberlin to Launch New Services from Berlin to Prague and Billund
Mar 19 15
airberlin has announced that it will launch new services from Berlin, Germany to Prague, Czech Republic and Billund, Denmark, starting April 13, 2015. airberlin will also increase the number of flights between Berlin and Graz, Warsaw and Gdansk. airberlin will operate three flights a day to Prague from Monday to Friday, making a total of 20 flights per week including five weekend services. The flights have been well incorporated into the Berlin-Tegel hub, from where airberlin's global route network offers numerous connecting flights, including flights to Abu Dhabi, Chicago and Moscow, as well as to Stockholm, Copenhagen, Gothenburg, Helsinki and Reykjavik. From 13 April 2015, airberlin will operate a daily service from Berlin to Billund. Also incorporated into the route network, this service will offer travellers numerous connection options to and from Germany, Austria and Switzerland, as well as many other European cities, such as Palma de Mallorca, Budapest, Warsaw, Krakow and Gdansk. airberlin is expanding its services between Berlin and Warsaw - which it currently operates three times a day - to 25 flights per week with the addition of six more flights. On weekdays from 13 April onwards, the airline will operate four daily services between the German and Polish capitals. There will also be more flights to Gdansk from Berlin from 13 April. Instead of the current two daily flights, airberlin will operate three flights a day from Monday to Friday, and five at the weekend, thereby increasing the total number of flights from twelve to 20 per week. Also from 13 April, airberlin will offer five additional weekday services, with two flights a day from Berlin to Graz, thereby improving its offerings for business travellers in particular and making better connections such as to Abu Dhabi, Warsaw, Kaliningrad and a new connection to Billund available. The flights from Berlin to Prague, Billund and Gdansk will be operated by Darwin Airlines on behalf of airberlin using a Saab 2000. For the flights to Graz and Warsaw, airberlin will use a Dash Q400.