Loading

Air Berlin PLC continues its consolidation course and outlines its earnings improvement program

Direct News Source

20-Sep-2011 Air Berlin PLC continues with the implementation of its consolidation course and further outlines its earnings improvement program 'shape & size'. The basis of the program is the improvement in processes and the optimization of the entire organizational structure.

A significant contribution is to be achieved through network and fleet optimization. Air Berlin plans, inter alia, to reduce its current fleet of 170 aircraft to 152 in summer 2012. With a reduction in flight hours of only four percent productivity per aircraft will increase.

With this package of measures Air Berlin intends to achieve an operating improvement in results by Euro 200 million. In light of the actual, volatile, economic development, a statement with respect to the further performance of the 2011 year is currently difficult to make.

Air Berlin PLC will publish detailed information on the earnings improvement program 'shape & size' on 21 September2011. This information will be available on the Internet at ir.airberlin.com starting at 7:30 am (CEST).

Air Berlin PLC The Hour House 32 High Street Rickmansworth WD3 1ER Hertfordshire Great Britain ISIN GB00B128C026, WKN AB1000, (Share) on the Frankfurt Stock Exchange (Regulated Market, Prime Standard) ISIN DE000A0NQ9H6 (Convertible Bond 2007) Euro MTF Market on the Luxembourg Stock Exchange ISIN DE000A1ALH01 (Convertible Bond 2009) Open Market on the Frankfurt Stock Exchange ISIN DE000AB100A6 (Bond 2010) and ISIN DE000AB100B4 (Bond 2011) each of both segment

Bondm of the open market on the Stuttgart Stock Exchange and Main Securities Market on the Irish Stock Exchange