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Air Berlin doubles 3Q net profit

Air Berlin (AB) reported a third-quarter net income of €66.6 million ($84.8 million), more than doubled from a €30.2 million profit in the year-ago period.

Air Berlin aircraft. By Kurt Hofmann Air Berlin (AB) reported a third-quarter net income of €66.6 million ($84.8 million), more than doubled from a €30.2 million profit in the year-ago period. The airline said the results were due to external cost increases being partly offset by efficiency improvements. “We were able to increase revenue, improve capacity utilization and yield and we were able to reduce cost significantly. The journey is not complete; however, we are ...

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