Airberlin news

Inj85
Posts: 27
Joined: 23 May 2015, 13:39

Airberlin news

Postby Inj85 » 16 Oct 2015, 20:53

Airberlin will stop flights into Russia and close all routes through Jan 18, 2016 as international traffic continues a downward trend in Russia. The carrier operates Berlin-Moscow Domodedovo, Berlin-Kaliningrad and Dusseldorf-Moscow Domodedovo services.

The possible network cuts and staff reductions were discussed at airberlin’s board of directors’ executive committee and senior management team meeting on Sept. 29.

In August, airberlin reported 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 that “a fundamental review of the current network operated by airberlin is nearing completion and is aimed at significant improvements.”

Russia’s downward trend in international traffic started at the end of 2014 and has already forced several international carriers—such as Lufthansa, Cathay Pacific and easyJet—to cut operations to Russian destinations.
Source: atwonline.com


I think it's a good decision of airberlin to cut these flights. As said in the article, they can't have any more losses.

Inj85
Posts: 27
Joined: 23 May 2015, 13:39

Airberlin ends 2015 with increased capacity utilization

Postby Inj85 » 08 Jan 2016, 21:38

Image
Airberlin, which is undergoing an extensive restructuring process, said capacity cuts toward the end of 2015 enabled it to increase capacity utilization by 0.9 percentage points to 79.9% year-over-year.

Airberlin CEO Stefan Pichler said the favorable capacity utilization figures of the past months are the result of the ongoing reorientation of airberlin. “Our measures are taking effect,” he said. “A main factor contributing to the successful increase of the capacity utilization in the second half of 2015 lies in the implementation of a new revenue management system and measures for improving the yields from ticket sales and total sales.”

The oneworld member hopes to improve its financial results by €310 million ($349 million) in three years. It will concentrate on growing its Berlin and Düsseldorf hubs and also focus on areas where it can increase market share, such as on “transatlantic routes and in a number of European markets.”

Source: atwonline.com


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