Airberlin reduces net losses in Q1
Airberlin reported a Q1 net loss of E182.3m (US$206.2m), narrowed from a E210.1m loss in the year-ago quarter. Airberlin said the Q1 results were heavily influenced by the “lengthy and detrimental codeshare debate” with equity partner Etihad Airways, which has a 29.21% stake in Airberlin. “The protracted and damaging dispute over codeshare flights had a negative impact on our earnings in Q1 2016 ... this debate resulted in a significant loss of revenue and the market has taken months to regain confidence,” Airberlin CE Stefan Pichler added. Q1 revenue fell 7.1% year-over-year to E737.1m. Revenue from ticket sales dropped 8.7% YOY to E630.3m. The company posted an operating loss of E172.2m, widened from its Q1 2015 E159.9m operating deficit. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-05-16/oneworld/airberlin-reduces-net-losses-in-q1
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Airberlin reduces net losses in Q1
Airberlin reported a Q1 net loss of E182.3m (US$206.2m), narrowed from a E210.1m loss in the year-ago quarter. Airberlin said the Q1 results were heavily influenced by the “lengthy and detrimental codeshare debate” with equity partner Etihad Airways, which has a 29.21% stake in Airberlin. “The protracted and damaging dispute over codeshare flights had a negative impact on our earnings in Q1 2016 ... this debate resulted in a significant loss of revenue and the market has taken months to regain confidence,” Airberlin CE Stefan Pichler added. Q1 revenue fell 7.1% year-over-year to E737.1m. Revenue from ticket sales dropped 8.7% YOY to E630.3m. The company posted an operating loss of E172.2m, widened from its Q1 2015 E159.9m operating deficit. <br/>
