By Kurt Hofmann Air Berlin has raised its Turbine 2013 cost-cutting goal from €400 million ($534.9 million) to €450 million by the end of 2014. According to Air Berlin’s staff magazine, CEO Wolfgang Prock Schauer was quoted as saying, “It is necessary that all parts of the Air Berlin Group, from management to operations, are included with cost-cutting measures.” Air Berlin announced last month it would cut 900 jobs and reduce salaries as part of the ...

Subscribe to Access this Entire Article

"Air Berlin increases cost-cutting goal to €450 million" 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.