50 SKY SHADES - World aviation news

Airberlin nears decision on more cuts

Download: Printable PDF Date: 30 Sep 2015 16:10 (UTC) category:
Airberlin nears decision on more cuts - Airlines publisher
Tatjana Obrazcova
Country: Germany
Source: ATW

The Airberlin executive committee of the board of directors met on Sept. 29 with the airline’s senior management team to review progress on the 2018 business plan. The plan, which is well underway, will be presented to the full board for approval shortly, airberlin said in a statement.

It was reported to ATW the meeting included crucial decisions such as further route cuts and a possible reduction of staff.

Airberlin reported in August a second-quarter net loss of €37.5 million ($41.6 million), widened from a net loss of €8.6 million in the year-ago quarter. First-half net losses were €247.6 million, widened from a €201.2 million net loss in the year-ago period

CEO Stefan Pichler said in August, “A fundamental review of the current network operated by airberlin is nearing completion and is aimed at significant improvements. Optimizing internal business processes and increasing focus on core business will continue during the second half of 2015. Considerable improvements in yield, capacity utilization and RASK are expected.” Pichler said it doesn’t matter how many aircraft the airline operates. “The only question is: How much profit can we create with every aircraft? The size of the fleet is not relevant.”

The Oneworld-member belongs to Etihad Airways Partners. Etihad has a 29.21% share in airberlin.

Loading comments for Airberlin nears decision on more cuts...


FACC further expands business jet business

For more than 15 years now, FACC has been setting new standards in business jet interiors with its innovative lightweight construction technologies. An important milestone to increase the US...

Rostec has assembled the heart of the giant PD-35 aircraft engine

Rostec United Engine Corporation has completed the assembly of the PD-35 ultra-high thrust engine gas generator for wide-body long-haul passenger airliners. The prototype, manufactured by UEC-Avi...

Meeting the expectations of business aviation in Geneva

After 15 years of preparations, the hangar, private ramp and 7-storey Geneva Airpark building, covering 20,000 sq m in the southern area of Geneva airport, became operational in 2009. This whole infra...

Mi-8 evolution - how legendary model manages to keep up with time

In the year of the 60th anniversary of the Mi-8 maiden flight we revisit the history of this famous helicopter and its current modifications. Development activities for improvement of the Mi-8MTV-5-1...