Air Berlin suffered a net loss of €115.9 million ($140.3 million) in 2005, up from €2.9 million in 2004, largely owing to €100 million in one-time charges stemming from debt revaluation and deferred taxes, according to Reuters. The airline flew 13.5 million passengers last year, up 12.5%. CEO Joachim Hunold, who owns 5% of the carrier, told reporters late Monday that AB is pressing ahead with its IPO (ATWOnline, March 13) and hopes to launch it prior to the start of ...

Subscribe to Access this Entire Article

"Printer-friendly" 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.