Airberlin has reported a €781.9 million loss ($824 million) in 2016, deepened from a €446.6 million loss in the year-ago period. Germany’s second largest carrier said that 2016 and 1Q 2017 were dominated by the transition to a new business model. The old business model and high restructuring costs had a huge impact on last year’s results. Full-year revenue was €3.79 billion, down 7% from €4.08 billion in 2015, while the EBIT loss was €667.1 million, ...

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