Chairman of Germany’s second airline resigns

Air Berlin boss announces radical capacity and fleet cuts

The chairman of Air Berlin, Joachim Hunold, has resigned after announcing rising losses and a radical savings plan. Germany’s second biggest airline suffered a €32 million second-quarter loss, bigger than the €28 million Q1 loss. Hunold blamed high jet fuel prices, the turmoil in North Africa and a new airline tax. The savings plan will cut capacity by more than a million seats by the end of the year and another million next year. All flights to the UK, for example, will disappear.
Hunold is to be replaced from the start of September by Hartmut Mehdorn, a former chairman of Deutsche Bahn. Hunold, who had led the airline since 1991, will stay on as non-executive director.
Handelsblatt

x

Check Also

Austrian Railways, nightjet, rail, train, Germany, Berlin, sleeper, journeys, Vienna, Austria, bed, fare, ticket, travel

Overnight trains from Berlin back on track

Deutsche Bahn dropped the much-loved sleeper services last year, but now Austrian Railways is stepping in.

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.

Deutsche Bahn, DB, delay, storm, compensation, passengers, stranded, climate change, Spiegel, trees, branches

Deutsche Bahn “twists” climate change

German media accuse rail operator of exploiting climate change to avoid blame for delays.

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.