Oneworld member Airberlin reported a third-quarter net profit of €49.9 million ($62.2 million), down 50.5% compared to a net profit of €101 million in the year-ago period as it continues cost-cutting measures. Revenue for the quarter, ended Sept. 30, was down 2.5% to €1.31 billion compared to the 2013 third quarter. The airline said initial restructuring costs of €15 million in the third quarter reduced the results. EBIT decreased 35% year-over-year to €74.93 ...

Subscribe to Access this Entire Article

"Airberlin 3Q net profit down more than 50%" 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.