Air Berlin Q2 losses widen
Air Berlin reported a bigger Q2 loss of E89.1m as revenue fell on reduced capacity and pressure on ticket prices. The E89.1m loss was down from the E37.5m loss in the same period last year. Revenue for the quarter was E970.6m, down from last year's E1.07b. Load factor fell 0.4 percentage points to 81.6%. “Demand, especially on flights to holiday destinations, suffered from terrorist attacks in Europe and had a major and negative impact on Air Berlin’s financial performance,” CE Stefan Pichler said. “The airline was hit particularly hard by the volatile political situation in traditional holiday destinations of Turkey, Greece and North Africa.”<br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-08-11/oneworld/air-berlin-q2-losses-widen
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Air Berlin Q2 losses widen
Air Berlin reported a bigger Q2 loss of E89.1m as revenue fell on reduced capacity and pressure on ticket prices. The E89.1m loss was down from the E37.5m loss in the same period last year. Revenue for the quarter was E970.6m, down from last year's E1.07b. Load factor fell 0.4 percentage points to 81.6%. “Demand, especially on flights to holiday destinations, suffered from terrorist attacks in Europe and had a major and negative impact on Air Berlin’s financial performance,” CE Stefan Pichler said. “The airline was hit particularly hard by the volatile political situation in traditional holiday destinations of Turkey, Greece and North Africa.”<br/>
