Air Berlin (AB) said it has exceeded the first-quarter target set by its cost-cutting Shape & Size program and has increased its full-year target by €25 million ($31.3 million) to €225 million at the EBIT level.
Air Berlin (AB) said it has exceeded the first-quarter target set by its cost-cutting Shape & Size program and has increased its full-year target by €25 million ($31.3 million) to €225 million at the EBIT level (ATW Daily News, May 18). CEO Hartmut Mehdorn said the airline has reduced costs, increased turnover and yield, and achieved the best capacity utilization for the first quarter since the company was listed on the stock exchange. He hopes to bring the company back to ...
Subscribe to Access this Entire Article
"Air Berlin exceeds 1Q efficiency program targets " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.
