Air Berlin plans even more cost cuts

Turbine 2013 will further significantly reduce costs

Germany’s second-biggest airline, now part-owned by Etihad Airways, is launching a new round of cost cuts as it struggles to return to profit. Air Berlin says its new cost-slashing program, Turbine 2013, will significantly reduce costs, but is not being more specific. It is not clear whether job cuts will be involved.
A savings program already underway, called Shape & Size, aims at boosting earnings by €230 million by the end of 2012. But Air Berlin managers have already told the German press that this may not be sufficient. The airline has also cut capacity and unprofitable routes and postponed aircraft orders.
“The company is reacting to a further worsening of the economic environment, the weak euro and consumer behaviour that is marked by growing uncertainty,” the carrier said in a statement. It added that a German air travel tax and high fuel prices are also causing problems.


Check Also

etihad, boeing, agree, negotiate, orders, planes, new, 777X

Etihad in talks to axe expensive orders

Etihad Airways is allegedly looking at ways to cancel or postpone its Boeing 777X orders, reports say.

Lufthansa, profit, loss, quarter, 2018, Eurowings, Air Berlin, revenue, Swiss, Austrian

Lufthansa quarterly results are “drastic miss”

The airline group is weighed down with costs related to absorbing parts of bankrupt Air Berlin.

Lufthansa, profit, loss, quarter, 2018, Eurowings, Air Berlin, revenue, Swiss, Austrian

Lufthansa soars to record profits, up 33%

The German giant’s fortunes are boosted by the Air Berlin bankruptcy and by ending a pilot dispute.

Air Berlin, sue, law, courts, Etihad, administrator, creditors, billion, litigation

Air Berlin creditors plan to sue Etihad

The sum to be sought through the courts could stretch to more than €1 billion.

easyJet, Oslo, Gothenburg, Berlin, flights, travel, Tegel, Air Berlin, 23, Stockholm, Helsinki, Copenhagen

Two new Nordic Berlin routes fill vacuum

easyJet is filling many holes left by Air Berlin, launching routes from Germany to a number of Scandinavian airports.

Virgin, Atlantic, lease, A330, aircraft, seating, premium economy, Air Berlin, flights, travel

Virgin Atlantic adopts Air Berlin A330s

Virgin takes delivery of the first of four A330s it is leasing from bankrupt Air Berlin.