Cimber Sterling on Tuesday issued a profit warning and said it needs to strengthen its capital base “due to the continued surplus capacity in the airline industry and the resulting low profitability.” The Danish carrier now expects to report an operating loss before special items for the 2010-11 fiscal year ended April 30 in the range of DKK190-DKK200 million ($36-$38 million) (ATW Daily News, March 2, 2010). The adjustment follows a previous lowering of its guidance in March ...

Subscribe to Access this Entire Article

"Cimber Sterling seeks investors after higher-than-expected losses" 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?

Already registered? here.