Air Berlin plans to present another restructuring plan within the next few months, after the airline posted an even larger net loss in the first quarter. "It won’t be as long as six months given the current financial performance," CEO Wolfgang Prock-Schauer says. He declines to give details about the plan. In spite of a further deterioration in its net result to a loss of €209 million (from €196 million a year earlier) and only a marginal improvement in the ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "Air Berlin Posts Larger Loss As It Widens Capacity".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.