Air Berlin PLC

EANS-Adhoc: Air Berlin PLC realises total revenue of EUR 1.116 billion in the second quarter of 2011 - operating result reaches EUR -32.2 million - net result amounts to EUR -43.9 million

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  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
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6-month report

11.08.2011

Ad hoc Notification Pursuant to § 15 of the German Securities Trading Act (WpHG)


London, 11 August 2011 - Air Berlin PLC group´s revenue increased by 27.3 per
cent to EUR 1,116.2 million in the second quarter of 2011 as compared to EUR
877.0 million in the previous year´s second quarter (Q2 2010 pro forma*: EUR
957.9 million).  

Political upheaval in North Africa once again left a mark in the Company´s
number of bookings and also resulted in lower than planned revenues in the
second quarter. The air travel tax, which was introduced on 1 January 2011,
presents a further challenge. The effects of this tax (amounting to
approximately EUR 45 million) had a clear impact  in the second quarter, which
is a significant period for tourism. Furthermore, continuously high oil prices
again lead to high expenses so that operating expenses as compared to the second
quarter of 2010 increased by 25.4 per cent from EUR 917.8 million to EUR 1,151.0
million (Q2 2010 pro forma*: EUR 998.3 million), including aviation tax.

Despite the lower than planned revenues and the additional expenses caused by
the oil price,  EBITDAR increased from EUR 124.3 million to EUR 142.3 million in
the second quarter of 2011 (Q2 2010 pro forma*: EUR 129.6 million).

Operating result (EBIT) decreased from EUR -28.2 million (Q2 2010 pro forma*:
EUR -27.8 million) to EUR -32.2 million.  Without the aviation tax EBIT would
have amounted to EUR 12.2 million.  The financial result decreased from EUR 
-39.7 million (Q2 2010 pro forma*: EUR -40.5 million) to EUR -47.3 million.

Pre-tax earnings in the second quarter of 2011 amounted to EUR -79.4 million,
compared with EUR -68.2 million in the second quarter of 2010 (Q2 2010 pro
forma*: EUR -68.5 million). After a tax benefit amounting to EUR 35.5 million
(Q2 2010: EUR 11.3 million), net result for the second quarter of 2011 amounts
to EUR -43.9 million, as compared to EUR -56.9 million in the second quarter of
2010 (Q2 2010 pro forma*: EUR -57.2 million). Earnings per share based on the
average number of 85.049 million shares outstanding in the second quarter of
2011 (Q2 2010: 85.049 million shares) thus amounted to EUR -0.51, compared with
EUR -0.67 in the previous year (both basic and diluted). 

As of 30 June 2011, Air Berlin PLC´s total assets amounted to EUR 2,636 million
(Q2 2010: EUR 2,455 million), its total equity amounted to EUR 308.3 million (Q2
2010: EUR 490.9 million), and its net debt amounted to EUR 616.1 million (Q2
2010: EUR 493.4 million).

The effects from the North African unrest and costs associated with high fuel
prices and the aviation tax remain a continuing burden. Therefore, Air Berlin is
in the process of implementing far reaching measures including, but not limited
to, a capacity reduction in excess of 1 million seats in the second half of
2011, cancellation of select routes and frequency reductions, to return to
profitability. The effects of the full bundle of such measures may not be
realized in 2011 to the extent required to obtain a positive EBIT.   

On 18 August 2011, Air Berlin will publish detailed information on the 6-month
results as well as the complete interim report as of 30 June 2011. This
information will be available on the Internet at ir.airberlin.com starting at
7:30 am (CEST).

*pro forma: Q2 2010 consolidated financial statements of Air Berlin PLC,
including the Q2 2010 adjusted figures for Niki Luftfahrt GmbH, which has been
consolidated in Air Berlin PLC´s consolidated financial statements with effect
as of 1 July 2010.
 



Air Berlin PLC The Hour House 32 High Street Rickmansworth WD3 1ER Hertfordshire
Great Britain WKN AB1000 (Share) on the Frankfurt Stock Exchange (Regulated
Market, Prime Standard) WKN A0NQ9H (Convertible Bond 2007) Euro MTF Market on
the Luxembourg Stock Exchange WKN A1A LH0 (Convertible Bond 2009) Open Market on
the Frankfurt Stock Exchange WKN AB 100A (Bond 2010) segment Bondm of the Open
Market on the Stuttgart Stock Exchange


Further inquiry note:
Ingolf Hegner
Head of Investor Relations
+49 (0)30 3434 1590
ihegner@airberlin.com

end of announcement                               euro adhoc 
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issuer:      Air Berlin PLC
             The Hour House, High Street 32
             UK-WD3 1ER Rickmansworth, Herts
phone:       +49 (0)30 3434 1500
FAX:         +49 (0)30/3434-1049
mail:     abpresse@airberlin.com
WWW:      http://www.airberlin.com
sector:      Air Transport
ISIN:        GB00B128C026
indexes:     SDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
             Hamburg, Stuttgart, Düsseldorf, München 
language:   English
 



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