Airberlin posts record losses for 2014 on restructuring costs

Credit: Rob Finlayson
Air Berlin has reported a €377 million loss ($458 million) in 2014, deepened 19% from a €315.5 million loss in the year-ago period . The airline said the results were due to highs costs of its Turbine restructuring program, which has delivered €400 million in savings. However, the German carrier...

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