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 ...

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